International IP Dispute Settlement

Intellectual property (IP) occupies a central, if actively contested, place in international trade and political relations. * The COVID-19 pandemic saw widespread calls for international IP rules to be effectively suspended in the interests of global equity, while its defenders claimed the IP system was critical to a global response to the pandemic. National security issues and the fallout from geopolitical shifts are accentuating tensions over IP, which has become more than a trade or economic issue. Major disputes have arisen between the world's three major trading economies, China, the European Union and the United States, over how effectively IP should be protected. Developing countries contend with political and economic pressure when seeking to maintain and exercise policy space in their IP systems to pursue national development priorities. Australia has defended its tobacco plain packaging measures over how to reconcile IP protection with public health , with wider implications for how the public interest is to be balanced with private rights. Formal dispute settlement has had to address the relationship between national IP laws and measures for national security. The significance of IP as an investment asset has seen increasing prospect for disputes under investment treaties.