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Intellectual property rights in regional trade agreements: balancing economic and political interests in the EU and RCEP

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  • Sangwan Garima

    (Department of Political Science and Government, The State University of New York, United States)

Abstract

Subject and purpose of work In the contemporary global economy, regional trade agreements (RTAs) and economic multilateral frameworks are crucial for establishing comprehensive norms and standards that enhance international trade, including the protection of intellectual property rights (IPR). This paper examines the role of IPR coherence in fostering trade and innovation, focusing on the European Union (EU) and the Regional Comprehensive Economic Partnership (RCEP). Materials and methods Through a comparative analysis, the paper provides insights into the complex dynamics between developed and developing regions, emphasizing the importance of harmonized IPR standards for a more inclusive and integrated global market. Results The EU, with its stringent regulatory standards, contrasts with the more flexible IPR approaches of the diverse Asia-Pacific nations in RCEP. The study explores the necessity and benefits of harmonizing these IPR frameworks to improve trade relations and stimulate innovation. It highlights China’s pragmatic strategy in aligning its evolving IP regulations with international standards while accommodating the needs of ASEAN countries. Conclusions The findings suggest pathways for enhancing IP protection standards and fostering mutual economic growth and innovation.

Suggested Citation

  • Sangwan Garima, 2024. "Intellectual property rights in regional trade agreements: balancing economic and political interests in the EU and RCEP," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 17(3), pages 446-462.
    • Handle: RePEc:vrs:ecoreg:v:17:y:2024:i:3:p:446-462:n:1004
    DOI: 10.2478/ers-2024-0024
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    References listed on IDEAS

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    1. Keith Maskus & Jerome Reichman, 2004. "The Globalization Of Private Knowledge Goods And The Privatization Of Global Public Goods," Journal of International Economic Law, Oxford University Press, vol. 7(2), pages 279-320, June.
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    More about this item

    Keywords

    intellectual property rights; EU; RCEP; China;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General

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