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THE ROLE OF GEOGRAPHICAL INDICATIONS IN PROMOTING SUSTAINABLE DEVELOPMENT- INTELLECTUAL PROPERTY RIGHTS AS A TOOL FOR ECONOMIC AND CULTURAL PRESERVATION


Chandima Shyamali Tennakoon
Attorney-at-Law, Cardiff Metropolitan University, Sri Lanka
Abstract
Geographical indications (GIs) are a form of intellectual property rights that have gained increasing recognition for their capacity to stimulate sustainable development by protecting unique regional products. This abstract elucidates the critical role of GIs in fostering economic growth, cultural preservation, and environmental sustainability. Sustainable development stands as a cornerstone of global agendas, emphasizing the need for environmentally friendly, economically viable, and socially responsible practices. GIs align seamlessly with these objectives by safeguarding products with specific geographical origins. GIs not only serve as a powerful economic tool but also contribute to the preservation of cultural heritage. Economically, GIs enhance the competitiveness of local producers by conferring exclusive rights to market products with unique regional attributes. These protections deter imitation and counterfeit production, thereby preserving the economic viability of these regions. The abstract demonstrates how GIs empower local communities to negotiate fairer trade terms, secure premium prices, and establish themselves in global markets. Cultural preservation is another key facet of GIs. These designations are intrinsically linked to the history, traditions, and know-how of the regions they represent. GIs help maintain cultural identities by recognizing and protecting traditional production methods and heritage. This abstract emphasizes how GIs are indispensable for keeping cultural practices alive and transmitting them to future generations. Environmental sustainability is an imperative in todays world. GIs play a role in this arena by encouraging environmentally responsible practices. Producers of GI products are motivated to protect the natural resources and ecosystems that underpin the unique qualities of their goods. By adhering to specific production standards, GIs promote sustainable agricultural and production practices. In conclusion, this abstract underscore the multifaceted contributions of geographical indications to sustainable development. These valuable tools not only bolster local economies but also preserve cultural heritage and incentivize responsible environmental stewardship. As the global community seeks paths to a more sustainable future, GIs emerge as a promising means to achieve economic and cultural preservation while safeguarding the planets fragile ecosystems.
Keywords: Geographical Indications, Sustainable Development, Intellectual Property Rights, Economic Preservation, Cultural Heritage
Journal Name :
EPRA International Journal of Research & Development (IJRD)

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Published on : 2024-02-06

Vol : 9
Issue : 2
Month : February
Year : 2024
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