India Must Improve IP Laws, Enforcement to Seize on Tremendous Bollywood Opportunity
WASHINGTON -- As we negotiate bilateral and multilateral trade agreements around the globe, our top priority must be protecting the intellectual property rights of North American companies. This goes for patents for life-saving cancer medications as well as creative copyrights for movie productions.
India is the latest example of the international erosion of intellectual property rights. Boasting the world's largest film industry (Bollywood) operating within one of the world’s fastest growing economies, India would do well to protect the rights of those who invest time and money into the business of innovation and creativity. India has a great deal of room for improvement in this area.
Jasper MacSlarrow of the U.S. Chamber of Commerce's Global Intellectual Property Center posted an illuminating article ("Is Bollywood India's Next Greatest Export?") about the tremendous global trade opportunity Bollywood represents, contrasted with India's counter-productive creative copyright laws.