The European Union and IMPI launched a study on the influence of industrial property on the Mexican economy.
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- The companies that protect their trademarks and patents contribute almost 50% to Mexico’s GDP.
- Industrial property generates a third of all jobs in Mexico, while wages are almost 11% higher.
- European companies in Mexico that register their industrial property contributed 1.7 million direct jobs to the Mexican economy, and almost the same number of indirect jobs.
- The companies that protect their trademarks and patents represent more than 70% in the export and import of merchandise.
The European Union , through the IP Key Latin America project, in collaboration with the Mexican Institute of Industrial Property ( IMPI ), presented the study The economic contribution of intellectual property in Mexico that quantifies, for the first time, the economic contribution in the country of the industries that protect trademarks, patents, designs, appellations of origin, among other sources of industrial property.
From 2010 to 2019, the industries that protected their brands and inventions contributed 47.8% of the national GDP, which represented 24.2 billion pesos. In addition, these industries generated 17.6 million jobs, which represent 33.6% of total jobs, and registered wages, on average, 10.7% higher, compared to those industries that do not exercise industrial property rights (IPR) .
The study, funded by the European Union, highlights that industries that make use of industrial property played a key role in foreign trade, accounting for more than 70% of merchandise exports and imports. The study also highlights the impact of European companies on merchandise exports, as they accounted for 26.5% of the total products exported by IPR-intensive industries in 2019.
Additionally, companies with capital participation of European origin that make use of industrial property contributed 1.7 million direct jobs in the Mexican economy in 2019, and about 1.7 million indirect jobs.