EUIPO creates more than 400 million impacts in the Valencian Community

No time to read?
Get a summary

This European Union Intellectual Property Office (EUIPO, for its abbreviation in English) consolidated as one. Engines of Alicante’s economy. In addition, unharmed by the outbreak of the pandemic, Therefore, its driving influence on other activities in the region has increased in recent years.

The report highlights this Impact of EUIPO on the Valencian Community in 2020 and 2021 presented this Monday by the euro agency on the occasion of the actions taken by europe dayCelebrated on 9 May. A study prepared by the Alicante Chamber research service.

According to this study, full effect About the activities of the European office 403 million euro in 2021, which includes both its direct and induced effect. EUIPO itself, Like other organizations directly related to its presence in Alicante, european schoolHE European Trademark Courtcountless law firms specialized in existing industrial property or congresses and events those who organize

EUIPO Executive Director Christian Archambeau in his speech. Pilar Cortes

a quantity that converts to Increase in revenue and autonomy of 239.8 million provinces euro. Or in other words, that Euroagency, responsible for the registration of trademarks, drawings and industrial designs of the European Union, contributed on its own. 0.77% All your rent from Alicante.

if someone considers cumulative data since 1996When it started operating, EUIPO’s influence on regional production had already reached €7,620 millionAccording to the report commissioned to present to Euro agency spokesperson Julio Laporta.

Work

As it makes sense, all this volume of activity also translates into significant job creation. Specifically, the European establishment is estimated to contribute to the production or maintenance of: 2,900 jobs in the region. Of these, at most 1,306 correspond to staff directly recruited by the Euro-Agency, whether civil servants or workers in another employment category. The other 786 jobs correspond to the jobs created by the demand created by EUIPO in companies in the region; to this must be added the 230 jobs of the European School, the four experts of the Trademark Court and about 440 experts of the associated offices. To the intellectual property that exists in Alicante and 20 jobs created by organizing forums and events.

EUIPO spokesperson Julio Laporta at the presentation of Euroagency’s impact study on the economy of Alicante. Pilar Cortes

In this context, it should be noted that 56% of office operating expenses and 40% of collaboration expenses and contracted with others from Euroagency Valencia Community suppliers.

In this way, p is calculatedor every euro that spending increases EUIPO Current, income of autonomy increased by 0.8 euros. In the case of investment, the converter is even higher, yielding 1.2 euros for every euro used for this purpose.

The sectors that benefit most from this injection of money from the Euro agency are Company Servicesfollowing activities computing, education, trade retail, restoration, structure And financial intermediation.

On the other hand, the study also analyzes how this contribution of EUIPO affected the local economy in 2014. Pandemic and how it helps mitigate its effects. And that is the paralysis that occurs in many sectors of the region such as tourism, trademark registration and thus commercial activity. euroagency continued to risetherefore, its weight in the total income of the region increased.

Specifically, EUIPO’s weight on GVA given the decline in the GDP of the general economy and the above-mentioned increase in activity of the European body increased 11.8%Up to 0.77% of Alicante income.

On the other hand, the institution Support measures for SMEs Launched to assist small and medium-sized businesses with the management of their intellectual property rights during the pandemic. Particularly noteworthy is the establishment of a fund that subsidizes up to 75% of registration fees for brands, designs, patents and plant varieties and up to 90% for intellectual property pre-diagnosis services. To date, nearly 50,000 companies have benefited from it.

After the presentation of the study, the officials’ cocktail organized by the Euro-Agency every year was held and for the first time coincided with the Europe Day events. EUIPO Executive Director, in his speech, Christian Archambeauwho will leave office next fall, “a promising“For the European organization “and its home city” and has enabled Alicante to occupy an increasingly prominent place in different fields of new technologies. Minister of Finance, Minister of Finance, Arcadi Spainand the mayor Louis Barcala Advocating the European project and emphasizing EUIPO’s contribution to the local economy.

More jobs thanks to titles of origin

Euipo spokesperson Julio Laporta highlighted the growth prospects of the Alicante-based Euro-Agency. Specifically, he pointed out that there are currently up to five legislative projects that could create a greater workload for the Agua Amarga facilities and therefore increase the impact on the region.

The most advanced of these is the one aimed at establishing European-level protected geographical indications for handicrafts such as Murano glass or ceramics from specific regions.

The European Commission, the Parliament and the Council of Europe have already reached an interim agreement, so Euipo is responsible for all registration procedures for these new craft geographical indications, but the whole process is not yet completed and this is not foreseen. The regulation enters into force until next year.

On the other hand, although it is not a final decision, it is considered that the euro agency has undertaken the registration of food products such as nougat, medlar or pomegranate for geographical indications and names of origin. A registry that is now directly linked to the Commission.

In addition, a package of patent legislation measures has been presented, in which Euipo will wish to manage, inter alia, the so-called supplementary certificates to extend the term of patents in the pharmaceutical field; as well as standard patents aimed at regulating access to great technologies such as 5G or Bluetooth.

No time to read?
Get a summary
Previous Article

See LIVE ONLINE San Lorenzo vs Defensa y Justicia by TNT Sports, Binance 2023 Tournament: formations, when it is, where and how to watch it online via streaming and TV channel

Next Article

Moscow Depttrans: On May 9, some metro stations will be open only for entry and transfer