UK Chancellor, Gordon Brown earlier this month announced that Andrew Gowers, former Editor of the Financial Times, will lead an independent review into intellectual property rights in the UK.
According to a Treasury statement:
"The UK’s IP regime is a critical component of our present and future success in the global knowledge economy. It must provide the optimal incentives for private industry and individuals to innovate and invest to create value, while preventing excessive inefficiencies and monopoly costs which can reduce competition and impede incremental innovation."
"The regime is particularly important as our economic competitiveness is increasingly driven by knowledge-based industries, especially in manufacturing, science-based sectors and the creative industries".
"Whilst the Government believes the present UK system strikes broadly the right balance between consumers and rights-holders, the review will examine whether improvements could be made and, as appropriate, make targeted and practical policy recommendations."
The review will provide an analysis of the performance of the UK IP system, including:
Commenting on the launch of the review process, Mr Gowers announced that:
"I believe that Intellectual Property is at the heart of Britain's success in the knowledge economy. This review will ensure that we maintain a world-class environment for creativity, design and innovation."
The review will run for 12 months, reporting to the Chancellor, the Secretary of State for Trade and Industry and the Secretary of State for Culture, Media and Sport.
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