Promoting and Protecting Intellectual Property in Ukraine (2014)

  • 27 January 2017
Promoting and protecting IP in the Ukraine

ICC Business Action to Stop Counterfeiting and Piracy (BASCAP) released this new report to outline the value of intellectual property (IP) in Ukraine and provides comprehensive policy and legislative recommendations to advance the Ukrainian IP rights protection and enforcement regime.

The time is right for the Ukraine to promote and protect intellectual property rights (IPR).

Strong IPRs benefit the economy, attract foreign direct investment, promote innovation, bolster R&D, and technology transfer, help firms monetize their inventions and grow, empower small- and medium-sized enterprises, and more generally benefit consumers and society.

Key legislative and policy recommendations

The value of fakes in Ukraine is estimated to be around USD 1.3 billion according to the Ukraine Alliance Against Counterfeiting and Piracy. Illicit goods proliferate the black market. According to other estimates the losses to counterfeit goods for Ukraine were close to USD 710 million while the combined losses of music, movie and software piracy added us to USD 720 million in 2008.

A problem of this magnitude requires action. BASCAP has put forward a set of specific legislative and policy recommendations to serve as a roadmap forward.

Summary of policy and legislative recommendations: