Changes in the legal framework, consulting and all the orientation that the protection of industrial property will have in five years are expected to cost the government 4.8 million euros. At least this is the figure that the Ministry of Finance and Economy included in a document issued for consultation.
The Intellectual Property Strategy 2021-2025 sets out the priorities that will be taken into account in 5 years, starting from the improvement of the legal framework to the development and strengthening of the institutions involved in the implementation of intellectual rights. Also, strengthening the cooperation and coordination between institutions, both at national level and at regional level or beyond, in order to improve the work in defense of intellectual property rights, increase public awareness in Albania regarding the rights of intellectual property. Another element is the potential identification of geographical indications and designations of origin as a very important object in the economic development of the country.
The report accompanying the draft states that this strategy will be an achievement in terms of recognition, administration and protection of rights deriving from IP, rights which exert a strong influence on the well-functioning of the economy and the strengthening of rules. of a fair competition.
“Innovative economy is based on the idea that knowledge, innovation, technology and entrepreneurship are the forces of economic development. In a knowledge-based economy, innovative capacity and creativity are the fuel for economic growth. Intellectual property rights are the means of legal protection of those driving forces. “This is the fundamental reason why countries need to develop a credible and well-functioning system of intellectual property.”
The Ministry further emphasizes that this system empowers businesses, industries and individuals to protect their innovative intellectual creations and the results of their cultural and creative activities. “This gives them the opportunity to enjoy their moral rights and to commercialize their material rights stemming from their innovative and creative work and investments. The opportunity to extract appropriate economic values from their work and innovative and creative investments is very stimulating for further work and investments.