Business and Other Briefings

IPO: The UK and China have signed two Intellectual Property agreements as part of last week’s summit meeting between the two countries.  The agreements which cover patents & trade marks aim to encourage and make it easier for UK & Chinese business to develop products and services from new ideas & innovation.
 
Chinese companies now file four times more patents than five years ago.  By 2012 China is forecast to become the largest patenting nation in the world.  However the global patent system faces a growing crisis with huge backlogs of unprocessed applications and delays.  In some countries it can take over 10 years to get a patent.  Much of this backlog is due to duplicate processing of similar patent applications in different states.
Press release ~ Intellectual Property Office
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