Advantages of the Eurasian patent system for Chinese companies discussed at 2024 IP Eurasia conference

On September 14th, as part of the China IP Annual Conference, the Eurasia IP, an international conference on IP and technology, was held. The event was organized by the Eurasian Patent Office (EAPO). This year's conference is dedicated to cooperation with China, one of the key partners of the EAPO member states, which holds a leading position in their foreign trade and investment partnership.

EAPO President Grigory Ivliev said that patenting in Eurasia will become more relevant for Chinese companies.

According to the results of recent years, applicants from China have seen a positive trend in filing applications for inventions (5% in 2023 to 2022) and industrial designs. China is among the three most active applicants, second only to the United States and Russia. But the absolute numbers show that the growth potential is still great. The most active patents are in organic chemistry (25%) and medicines (8%). But a large share of Chinese exports to Eurasian countries is accounted for by machinery and equipment. Therefore, for a huge number of Chinese companies, obtaining exclusive rights is a promising task. Source: EAPO

The speaker of the session on Eurasian patent system and its advantages for Chinese companies was Sergey Zuykov, Managing Partner at Zuykov and partners.