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European Parliament: Resolution on the Action Plan for Intellectual Property Adopted

On 11 November 2021, the EU Parliament adopted a resolution on the EU Commission’s “Intellectual Property Action Plan for Recovery and Resilience”, with a majority, and put forward a series of recommendations for forthcoming EU initiatives in the field of intellectual property (2021/2007(INI).

As was reported here, on 25 November 2020, the European Commission launched a comprehensive action plan aimed at optimising the EU’s innovative potential with regard to intangible assets, in particular intellectual property rights (COM(2020) 760 final).

The resolution now adopted by the EU Parliament on the above-mentioned action plan of the EU Commission emphasises that the protection and enforcement of intellectual property rights are of great importance for the European economy and for the recovery and resilience of the EU, especially in view of the Covid-19 pandemic. It also stresses the particular importance of intellectual property rights for small and medium-sized enterprises (SMEs) and micro-enterprises.

The continually increasing awareness and recognition of the importance of effective protection of intellectual property rights by both the EU Commission and the EU Parliament is generally to be welcomed. The implementation of concrete measures through corresponding EU initiatives aimed at strengthening intellectual property rights is eagerly awaited.

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Authors

Dr Christian Meyer

Principal

Attorney-at-Law

Certified Specialist Lawyer for Intellectual Property