MEPs back reform to Turkey IP protection for cosmetics
Turkish bid to attract more foreign investment
The European Parliament’s international trade committee has welcomed Turkey reforms to its intellectual property protection of manufactured goods, especially cosmetics. In a detailed motion on the operation of the EU’s customs union with Turkey, the committee said: “Counterfeit products, particularly pharmaceuticals and cosmetics, represent a major problem in EU-Turkey trade relations and reduce the attractiveness of Turkey for foreign direct investment.” The committee said it “welcomes the adoption of new IPR [intellectual property rights] legislation in Turkey with effective enforcement, given the length of market approval processes for such products”. The motion also called for the removal of non-tariff barriers impeding EU trade with Turkey.
