The EU attaches great importance to the protection of its Member States’ geographical product names outside the EU through the Lisbon System. We note that the protection of GIs has the potential to support sustainable development, preservation of cultural heritage and international trade in specialised products. We would thus like to see the Lisbon Union being successful and viable, as well as attracting new members.
The EU has made substantial progress on its way to becoming a Contracting Party to the Geneva Act of the Lisbon Agreement. The legislative procedure for the adoption of the legal acts will soon be concluded. Therefore, we are confident that the EU will be able to deposit its instrument of accession to the Geneva Act with WIPO still before the end of this year.
The EU and its Member States appreciate the work and effort of the Lisbon Union members aimed at preventing any future budget deficits of the Union and ensuring its long-term financial viability. We welcome the numerous ideas which have been brought forward in the Working Group on the Development of the Lisbon system and acknowledge the progress made towards reaching an appropriate solution.
The EU and its Member States are convinced that a way can be found to provide financial support to the Union while securing full respect of the long-standing principles of solidarity and equality of treatment for each area of IP. We believe that it is also possible to find a long-term financing model for the Lisbon Union which would ensure the financial sustainability of the Union while at the same time being acceptable to all WIPO Member States and working well for WIPO as a whole. In this regard, we stress the importance of placing the Lisbon Union on an equal footing with all other Unions administered by WIPO.
As a means for ensuring the long-term viability of the Lisbon Union, we reiterate the importance of robust and focused promotion of the Lisbon System, including the Geneva Act, underlining the development potential of geographical indications with a view to attracting new Contracting Parties.