The National Foreign Trade Council on Friday launched its Global Innovation Forum, which will focus on international innovation policy issues, including global trade rules and the protection of intellectual property rights worldwide. The U.S.-based business group for multinational companies believes innovation is critical to solving global challenges and is one of the single most important drivers of economic growth. Millions of workers depend on fair trade rules to produce solutions to pressing global challenges such as improving public health, creating environmental sustainability, securing access to food and nutrition and raising global living standards, the NFTC said.
"There are few more cost effective ways to stimulate the economy than to ensure a predictable global IP system that protects jobs," NFTC President Bill Reinsch said in a press release. The forum will set up a Web site next month focused on its core issues and the group intends to hold a series of meetings to advance a dialogue among business stakeholders and workers, consumer groups, international development organizations and policymakers. Forum Executive Director John Stubbs added that the global economic slowdown is creating new pressures on both innovators and consumers. "These challenges will be met by the hard work of creative minds in the United States and around the world."
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