China gets strong defeat in this global election
China gets strong defeat in this global election
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In the election of the head of the World Intellectual Property Organization, China's candidate Wang Biying lost to Singapore's Darren Tang. This election was held on March 4. The UN-affiliated organization has its headquarters in Geneva. Its work is to promote and protect intellectual property worldwide.

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In the year 2018, the WIPO received around 2.5 lakh applications from all over the world for new patents. China's growing dominance in the field of patents and intellectual property is being considered as the main reason behind China's defeat in this election. China has often been accused of theft of IP rights. According to the Parisian think tank Institute Monteneu, the U.N.-backed Daren got 55 votes while Wang got only 28 votes in the election. Darren has been associated with the UN for a long time.

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The UN Trade Representative's office had investigated the allegations of stealing IP on China for 7 months. He had told in his report that the theft of China causes the US IP sector to lose up to $ 600 billion (about Rs 44 lakh crore) annually.

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