ICC brings the voice of business to global discussions on innovation and intellectual property

  • 19 July 2022

The International Chamber of Commerce (ICC) held a side event at the 63rd Meetings of the Assemblies of the World Intellectual Property Organization (WIPO) in Geneva this week, bringing the voice of business to global discussions on innovation and intellectual property.

Leaders from companies including Nestlé, Microsoft and Intel, and international organisations including the World Intellectual Property Organization (WIPO) and the World Trade Organization (WTO) were among the participants of the ICC Side Event at the 63rd Meetings of the Assemblies of WIPO in Geneva earlier this week.

The event was a wonderful opportunity for the business community to contribute to the important discussions of the WIPO assemblies. Increased business engagement in the important work of WIPO is indeed crucial and can lead to smarter, better and more effective policies not only for the business community but for society as a whole.

As one of the cornerstones of global commerce, intellectual property protection deserves special attention. Through IP protection, companies are capable of making the investments in research and development needed to create innovative products and services and to bring to life the creative works that we enjoy.

Global IP systems are complex and involve stakeholders that range from the scientific community, artists and investors to customs authorities. Such complexity calls for a careful approach in policymaking and for keeping an attentive eye on the reality on the ground for the businesses that use these IP systems.

Speaking at the event, ICC Global Policy Director Andrew Wilson said: “In our conversations with ICC member companies, what we see is that companies are highly sensitive to the topic of IP and that they understand the importance of healthy innovation ecosystems. As we face the challenges of climate change and economic uncertainty, the voice of business will be a key ally for policymakers and for international organizations to create better policies and to build stronger, more resilient innovation ecosystems.”

To face these challenges, some of the priorities identified at the event include:

Stay up to date on ICC’s work on innovation and intellectual property here on our website.