The Impact of Geographical Indications on Global Trident of their Competitiveness

Abstract

This paper explores the impact of geographical indications (GIs) on global trade, emphasizing their role as valuable intellectual property rights that protect local and regional products. GIs serve not only to prevent the misuse of geographical names but also to enhance the marketability and reputation of products linked to specific regions. The research highlights the historical evolution of GIs, tracing their significance from ancient civilizations to modern legal frameworks, particularly the TRIPS Agreement. It examines how GIs contribute to economic benefits by fostering cultural heritage and promoting sustainable development in rural areas. The paper also discusses the types of GIs, including Protected Designations of Origin (PDOs) and Protected Geographical Indications (PGIs), and their distinct roles in product differentiation. Furthermore, the analysis reveals the economic implications of GIs, such as premium pricing and market exclusivity, while addressing the challenges posed by globalization and varying international standards. The findings advocate for the harmonization of GI protection in trade agreements to ensure equitable benefits for producers and consumers alike. Ultimately, this study underscores the importance of GIs in enhancing the competitiveness of local products and preserving cultural identities in the global market.

Keywords - Geographical indications, global trade, intellectual property, TRIPS Agreement, economic benefits, product differentiation, cultural heritage, rural development