IP rights empower manufacturers to fight against counterfeit and substandard goods, thereby safeguarding consumers from health risks and violations of their rights. Balancing Consumer Rights with IP ProtectionFinding a balance between IP protection and consumer rights is also crucial for a sustainable market environment. The impact of IP rights on product pricing and availability requires a careful balance to prevent monopolistic obstacles. The relationship between IP rights and consumer well-being is complex in the world of ARIPO member and observer states. AfrIPI is a collaborative international initiative funded by the European Union and led by the European Union Intellectual Property Office (EUIPO) from 2020 - 2024 to help boost African trade, protect IP rights, and support African-European investment.

Source: Daily Observer November 21, 2023 16:41 UTC