| |
| Significance of GI’s in Modern Economies |
| There are multitudinous reasons that strongly mandate the protection of GI’s. In modern free trade economies, GIs have enormous economic value as the consumers are wiling to pay high prices for goods bearing a particular quality. It is important to protect the consumers from spurious products and producers from unfair competition. Besides the commercial aspect, the GIs also protect the usurpation of the national heritage of a country by associating a product world wide with a particular country. As the quality of product is not only attributable to the climate, topography but also to the know-how of the producers of the region, the GIs are also important tools for protecting the traditional knowledge of the producers. |
| Distinction Between Geographical Indications and Trademark |
| Geographical indications have been protected under the Trademark law in many national jurisdictions. Even though both the GIs and Trademark are source identifiers, there are many differences between the two. Whereas Trademark identifies the products with the manufacturer, the GI identify products with the place of production or origin. Another important difference is that the GIs are the community rights whereas the trademark is individual right. As regards the use, the Trademark can assigned as well as licensed, but a Geographical indication cannot be assigned, transmitted or licensed. |
|