From piracy capital to IP hub: Intellectual property rights must remain key to Singapore's success

Intellectual property rights must remain key to Singapore's success. The Republic must not erode them as neighbouring countries have with the compulsory licensing of drugs.

As economic growth increasingly comes from knowledge-based industries, a strong framework for the protection of intellectual property (IP) rights is fundamental.

IP rights have been a key enabler of Singapore's economic progress and look set to remain so, given updates to the IP rights legal framework announced in Parliament this week.

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A version of this article appeared in the print edition of The Straits Times on July 10, 2019, with the headline 'From piracy capital to IP hub'. Print Edition | Subscribe