The inauguration ceremony for the China International Economic and Trade Arbitration Commission (CIETAC) Intellectual Property (IP) Arbitration Center was held on July 22 in Beijing.
Officials from the Supreme People's Court (SPC), the Ministry of Justice, the China Council for the Promotion of International Trade (CCPIT), the China National Intellectual Property Administration (CNIPA), and the China Law Society (CLS) jointly unveiled the center.
The establishment of the CIETAC IP Arbitration Center is a key measure and practical action in implementing the 15-year plan (2021-2035) for the development of intellectual property rights (IPR) power, said Ren Hongbin, chairman of the CCPIT.
Ren stressed the efforts needed to build the CIETAC IP Arbitration Center into the most preferred institution for IPR dispute resolution in the future. He also called for intensified measures to promote IPR exchanges and cooperation and work on IPR dispute resolution mechanisms so as to provide high-quality arbitration services for applicants both at home and abroad. It aims to improve China's overall IP strength and further stimulate the country's innovation vigor, he said.
The center is of great significance in leveraging the advantage of arbitration in resolving international business affair disputes, and will also play an important part in meeting the market demand for IPR dispute resolutions, said Zhang Mingqi, the CLS's vice-president and secretary general. His views were echoed by Lu Pengqi, the CNIPA's deputy commissioner, and Liu Hua, director of the WIPO's office in China.
Wang Chengjie, vice-chairman and secretary-general of the CIETAC, noted that the establishment of the CIETAC IP Arbitration Center will further improve China's IPR dispute resolution mechanism, strengthen IPR protection for enterprises, and support China's participation in making international IPR protection rules. It will eventually promote higher-level opening-up and development in the field of IPR protection, he added.