Bilateral Agreement
The deal between the European Union and South America is a controversial topic. Despite the strong opposition, this bilateral agreement might be a great opportunity for European GIs. The European wine GI's could gain a better protection in the future in South America, regarding their intellectual property rights.
The protocol of negociation of a bilateral trade agreement includes the possibility to add new products to be protected under the agreement. This is precisely what happened regarding the agreement between EU and Korea.
Signing on a new trade agreement between two countries often means an increase in goods trade from all types. The latest one between India and Australia sounds like a happy event for the wine industry.
Following the recent agreement between China and the EU, China released provisions on geographical indications.
A bilateral agreement was signed earlier this month regarding the protection of European Geographical Indications in China and the protection of chineese GIs in Europe.
This agreement allows to be enthousiastic about the protection of European products in China and about a good economical dynamic in the future.
Find the press release on the European Commission's website.
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