The Canadian Intellectual Property Council (CIPC) recently released a report entitled A Time for Change: Toward a New Era for Intellectual Property Rights in Canada. The report discusses the importance of an effective intellectual property (IP) rights (IPR) system in encouraging innovation, ensuring economic prosperity, and maintaining global competitiveness. It then outlines a number of areas in which Canada’s IPR regime lags behind other nations and does not adequately protect IPRs. In particular, it notes that counterfeiting and piracy go largely unchecked in Canada, costing the Canadian economy an estimated $22 billion annually.
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