SPAIN-CHINA BUSINESS MEETING
“Practical seminar on how to do business in China.”
Last Sunday May 12, the “Spain-China Business Meeting” was held in Shenzhen (China) with the aim of developing a practical Seminar on how to do business in China. The event was organized by ICEX Spain Trade and Investments and the Economic and Commercial Office of the Spanish Embassy in Canton.
Our colleagues Jialin Chen, Director of PONS IP in China, and Javier Galán, Lawyer at PONS IP's Legal Aid Department, participated in the conference addressing the issue of intellectual property rights protection in China and the main requirements to be considered by any organization that plans to develop a business model in the Asian country.
China is currently the world's second-largest economy after the U.S., although the Chinese economy has already surpassed the U.S. in purchasing power parity. Moreover, in recent decades, China has accelerated its process of openness and integration into the international community. China accounts for more than two thirds of Asia's GDP, with an average growth rate in recent years of 8.3%, higher than the average growth rate in the Asia-Pacific region, and well above the average growth of the OECD.
For this reason, China has become a strategic point of interest for a large number of Spanish companies. Our experts from PONS IP talked about the most relevant issues to consider when landing in China, recommendations on the Asian market, and provided a global view on intellectual property rights (trademarks and patents). Part of their speech was dedicated to also highlight the importance of copyright in the country, ending the presentation on the topic of intellectual property, with a brief mention of the value of trade secret.
PONS IP thus strengthens its position as a benchmark firm in the relations between Spanish companies and the Asian market. It provides the necessary tools for companies to develop their business with maximum information and protection. The current differences between cultures make the protection of Intellectual Property rights a key aspect in any international expansion plan, avoiding potential future problems.