TOPIC:

IMPORTANCE
AND
ADVANTAGES
OF
INTELLECTUAL
 By: Dr. Kanan Divetia
PROPERTY IN
 Symbiosis Law School, NOIDA
TRADE
AM-II- TRADE IN
IPR
 Origin of Trade in
Intellectual Property

Importance of Intellectual
TOPICS Property Protection in
International Trade

Advantages of Intellectual
Property Protection in
International Trade
ORIGIN OF TRADE IN
INTELLECTUAL PROPERTY
 Intellectual Property rights have a long history that could be traced back to the Venetian Republic in the
fifteenth century in which some form of intellectual property existed as a customary practice.
 Before this, awarding of exclusive rights to authors and inventors in ancient times were granted in Persia and
China as prizes in the arts and crafts.
 In ancient Greece, systematic awards were rarely given to the scientists, but rather to the artists.

 This began to change when first monopoly privileges were exclusive rights of monarchs to grant economic
benefits for various reasons at their discretion.
 Rulers awarded exclusive franchise rights as a form of political patronage to favoured subjects.

 Monopolies on inventions and artisan techniques were also granted, particularly to craft guilds to secure their
continued presence and to preserve the secrets of their craft within a particular territory.
ORIGIN OF TRADE IN INTELLECTUAL PROPERTY

This secrecy and monopoly gave territories advantages in trade for the duration
of the period of exclusivity.

The first formal intellectual property law, which signified the first legal and
institutional framework developed to regulate the ownership knowledge, can be
traced back to a Venetian Statute of 1474.
It contained key principles including the balancing of the rights of inventors
with consumers, which formed the basis of modern intellectual property law.

Venice was the first to have continuously and constantly applied certain rules to
patents of invention instead of granting an occasional isolated monopoly.
IMPORTANCE OF INTELLECTUAL PROPERTY
PROTECTION IN INTERNATIONAL TRADE
 Intellectual Property (IP) protection supports the development of knowledge based industries, stimulates
international trade and encourage investment and technology transfer.
 Intellectual Property protection is crucial in fostering international trade.

 International Trade is a major factor in the health and stability of our economy. (The recent example of
Pandemic)
 Competition in international trade increased dramatically over the past few decades.

 Innovation in any industry plays important role in increasing international trade of one’s country.

 Innovation frequently entails great costs, not only in research and development but also for the subsequent
investments necessary to manufacture and market new products.
 The incentive for and the protection of these investments are provided by an effective system of protection of
Intellectual Property and smooth international trading system.
  Intellectual Property Rights give economic incentives
ADVANTAGES to the creators for their creations.
OF  With the development of the technology, IP Rights are
no more confined to one country.
INTELLECTUA  The creations of IP holders can cross one’s nation’s

L PROPERTY boundaries which will enable the creators of IP to gain

economic incentives on their IP.
IN  Ex:Patented medicines, Well-known Trademarks,
Copyright and Neighbouring Rights, etc.
INTERNATION  Various Treaties and Conventions play important role
AL TRADE in developing/facilitating international
Intellectual Property Rights.
trade in
This Photo by Unknown Author is licensed under CC BY-NC-ND