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China drives stunning growth in global trademark applications, UN says

Reuters  |  GENEVA 

By Tom Miles

GENEVA (Reuters) - was the driving force by a 30 percent leap in global trademark applications in 2017 as innovation turns into the main battleground among competing world economies, the said on Monday.

Figures issued by showed trademark applications hit 9.11 million last year while patent applications rose 5.8 percent to 3.2 million, with 2018 data showing the trend was continuing, told a conference.

now accounted for 65.1 percent of patent applications, 66.6 percent of trademark applications, and 67.9 percent of design applications.

"This is of course, driven mainly, but not exclusively by China," Gurry said.

"Innovation is increasingly the battleground for economic advantage amongst the leading economies," he said. "This is an extraordinary transformation that has occurred in a relatively short period of time."

U.S. has hit with a barrage of tariffs and a dispute, accusing it of stealing U.S. innovation. The has provisionally agreed rules to scrutinise Chinese investments to protect strategic and infrastructure.

said trademarks were usually filed when a new company was created or a new product was launched on the market, and were sometimes seen as a leading indicator of changes in the business cycle.

"When we received the data from intellectual property property offices around the world, we were quite stunned by the high growth rate," he said.

Gurry said China's growth was "prodigious" at 54.4 percent in a year but other countries also reported big rises in trade mark filings.

Applications grew by 12.6 percent in the United States, by 24.2 percent in and by 24.1 percent in Britain.

But in the figure slumped by 9.5 percent and the European Union's intellectual property office saw only 0.5 percent growth, as and France's filings slipped by 1 percent and 1.4 percent respectively.

The biggest annual jump in was in Iran, with an 87.9 percent increase in 2017.

Gurry said had appointed a vice-for innovation and it was putting a lot of emphasis on stimulating entrepreneurship.

"So I think it's an area that the Iranians are taking very seriously. And we noticed that in their engagement with the organisation," he said.

(Reporting by Tom Miles; Editing by Richard Balmforth)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 10:54 IST
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