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China's IP Is Not Entirely Out of the Haze Yet

By Dennis S. Fernandez

When China first bid for WTO membership, its intellectual property-related laws were one of the main obstacles to its joining the organization, as WTO membership required China to comply with the Agreement on Trade-Related Intellectual Property Rights (TRIPS). In its WTO accession documents, China declared its commitment to bringing its legal system in conformity with the TRIPS Agreement. Since then, China has come a long way. Nevertheless, not all problems have been resolved.

China is aware that solid and effective intellectual property protection is a key factor for its economic future. No industry can ignore the Chinese market with its enormous population and market potential. However, companies considering operating in the Chinese market ought to know a few facts about China's intellectual property law before entering what is predicted to be the biggest untapped market in the world.

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