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Industries Protected by IP Laws Pay 40% Higher than other Industries - INTA

04-May-2014 | Source : AG-IP News | Visits : 61312

NEW YORK, NY - On both sides of the Atlantic, wage premiums in industries with intensive Intellectual Property Rights (IPR) are notably higher compared with other industries: 41% in the European Union and 42% in the United States.

These numbers come from two recent studies published in the EU and the US which explain how innovation and the protection of IP rights help create and sustain millions of well-paying jobs in their respective economies. “Innovation supports millions of jobs worldwide… but only when it is protected by IP rights,” said INTA President Mei-lan Stark (Fox Entertainment Group, USA). “Today, the most successful economies, fuelled by the most highly paid workforces, are those in which innovation is encouraged and IP rights are protected.”

“While those working in IPR-intensive industries enjoy purchasing power over 40% higher than those working in other sectors of the economy, all citizens living in an innovative economy are to benefit,” said INTA CEO Etienne Sanz de Acedo. “The process of innovation enables new ideas to be successfully introduced to the marketplace. Innovation, this is way, is not only a key driver of economic growth but is the reason why consumers today enjoy such incredible choice in the shopping aisles.”

According to the INTA, the studies referred to above are:
• Intellectual property rights intensive industries: contribution to economic performance and employment in the European Union published by the Office for Harmonization in the Internal Market (OHIM) and the European Patent Office in 2013; and
• IP and the US economy – industries in focus published by the US Patent and Trademark Office in 2012.
published by the Office for Harmonization in the Internal Market (OHIM) and the European Patent Office in 2013; and
The studies clearly explain how IP supports millions of jobs and adds significant value to the economy, to workers and to citizens. INTA encourages other countries and regions to conduct similar studies and to use these studies to raise public awareness of the importance of IP.

The International Trademark Association (INTA) is a global association of trademark owners and professionals dedicated to supporting trademarks and related intellectual property in order to protect consumers and to promote fair and effective commerce. Members include more than 6,400 trademark owners, professionals and academics from more than 190 countries, who benefit from the Association’s global trademark resources, policy development, education and training, and international network. Founded in 1878, INTA is headquartered in New York City, with offices in Brussels and Washington, D.C., and representatives in Geneva and Mumbai.

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