Enhancing cooperation on intellectual property among countries involved in the Belt and Road Initiative will promote industrial upgrading and economic development for each participant, a senior official said.

"Promoting economic development is a rigid demand for many countries. IP has become a necessary tool in global trading. Related multinational companies can help build an ideal business environment and innovative atmosphere worldwide," said Shen Changyu, commissioner of the National Intellectual Property Administration of China, during his keynote speech at a recent high-level conference held on Tuesday.

During the two-day event, the 2018 High-Level Conference on Intellectual Property for Countries Along the Belt and Road held in Beijing, more than 300 attendees from some 60 countries, foreign embassies as well as international and regional organizations, shared their insights on hot topics in IP, including IP protection in the digital era, the commercialization of intangible assets and the improvement of the related legal system.

Source: China daily