IP-related Overview of US-CN Phase One Trade Agreement
On January 15, 2020, China and the United States (“U.S.”) entered Phase One Economic and Trade Agreement (hereinafter “Phase One Agreement”). Chapter 1 of Phase One Agreement stipulates undertakings made by China in terms of Intellectual Property. The pertinent laws and judicial interpretations shall be amended soon to localize the requirements of Phase One Agreement in China. China is to set up a specific plan for such localization by middle of March 2020 according to Phase One Agreement, which might be deferred to some extent by outbreak of the coronavirus in China. An IP system more friendly to IP holders will be established in China thanks to these improvements. This article gives some insights from Chinese practitioners about improvements articulated in Phase One Agreement.