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[16] Patents, trademarks, drawings, copyrights, geographic indicators and plant varieties. In general, trade diversion means that a free trade agreement would divert trade from more efficient suppliers outside the zone to less efficient suppliers within the territories. Whereas the creation of trade implies the creation of a free trade area that might not otherwise have existed. In any case, the creation of trade will increase a country`s national well-being. [15] A good level of protection and respect for intellectual property is essential for EU businesses and individuals in transactions outside the EU. This is why free trade agreements negotiated by the EU with other countries contain rules on intellectual property rights such as patents, trademarks and geographical indications. At present, there is no uniform legal system for intellectual property rights at the international level. There is no copyright, patent or trademark. Innovators must guarantee and enforce these rights within the jurisdiction in which they seek protection.41 Currently, the United States has 14 free trade agreements with 20 countries.

Free trade agreements can help your business enter and compete more easily in the global marketplace through zero or reduced tariffs and other provisions. Although the specifics of each free trade agreement are different, they generally provide for the removal of trade barriers and the creation of a more stable and transparent trade and investment environment. This makes it easier and cheaper for U.S. companies to export their products and services to the markets of their trading partners. Market size and geographic asymmetries fuel the balance of agreements Dynamic model of the formation of preferential trade agreements The trend mentioned above is dangerous in that it could hinder the flow of the global trade regime in the long term. Free trade concerns goods and services that move without barriers across borders, but intellectual property law, through its complex rules on parallel imports, exhaustion of rights and doctrines of infringement, allows ip rights holders to impede the exchange of goods rather than facilitate their global movement. A good example of this trend is Europe`s desire to increase its monopoly on other words which it considers geographical indications, but which have long been used internationally by other countries such as feta, roasted sausage, Parmesan and brood. [41] This position confirms that intellectual property rights are being manipulated to the point of creating new forms of protectionism under the complex veil of intellectual property law.