Intellectual property rights owners are increasingly feeling the pressure from the counterfeit goods that are invading the global market. Societies worldwide also suffer, as countless people are either slaves to these criminal black marketers or victims of their faulty products. The second part of this two-part feature takes a look at some of the economic and social problems posed by counterfeiting and other IP rights violations.
December 4, 2019
Intellectual property (IP) protection and the awareness of intellectual property rights (IPRs) in Laos have been increasing recently due to the support of the Lao government, which expressly recognizes the importance of IP to the country’s ambitions for modernization, industrialization, and developing the country’s regional and global status. Such attitudes are reflected in policy statements and strategic planning goals, and local authorities are growing more supportive toward the enforcement of IPRs in Laos.