Ontario Chamber of Commerce

Ontario Chamber of Commerce

June 12, 2008 14:30 ET

Ontario Chamber Congratulates Federal Government on New Copyright Measures

TORONTO, ONTARIO--(Marketwire - June 12, 2008) - The Ontario Chamber of Commerce (OCC) today supports the introduction of new federal measures to better protect intellectual property (IP) rights in Canada. The OCC, Ontario's premier business advocate, urges federal Parliamentarians to line up behind the copyright reform bill.

"We need decisive measures to restore an orderly and legal marketplace, and to reduce the high cost of piracy here in Ontario and across Canada," says Len Crispino, President & CEO of the Ontario Chamber of Commerce. "The new copyright bill is an important step in the right direction."

In a report released earlier this year, the OCC issued a comprehensive set of recommendations including calling on the federal government to follow the lead of Canada's major trading partners, including Australia, Japan and the U.S., in implementing the World Intellectual Property Organization (WIPO) Internet treaties.

"Counterfeiting is a serious threat to Ontario's reputation and our brands internationally, and has directly impacted the wine industry, among others. A stronger IP regime is vitally needed to encourage a continued commitment to scientific innovation in research."

Donald Ziraldo, Chair, Vineland Research and Innovation Centre

"Piracy of our games reduces the royalties we receive and we can't invest as much in innovations in both original stories and in technologies. Thus the future growth of our company is hampered."

Rob DiPitris, Silicon Knights

"Canada has been roundly criticized by our trading partners for our lack of an effective Intellectual Property regime," explains Crispino. "We must take action against IP crime both in order to protect our international reputation, and to create an environment which stimulates innovation, by assuring producers of productivity-enhancing products and processes that the results of their investment are protected."

A 2002 WIPO study found that intellectual property represented 45 to 75 percent of the overall corporate value of the Fortune 500's largest companies. The OCC has estimated that counterfeiting and piracy are costing the Ontario economy approximately $9 billion dollars.

"Protection of Intellectual Property: A Case for Ontario" can be found at www.occ.on.ca

The OCC represents over 57,000 businesses through 160 local Chambers of Commerce and Boards of Trade, and has been Ontario's business advocate since 1911. Its advocacy and policy initiatives focus on six areas key to the economic well-being of the province: health; education; energy; finance & taxation; transportation & infrastructure; and border issues.

Contact Information

  • Ontario Chamber of Commerce
    Amy Terrill
    W: (416) 482-5222, ext. 241 or C: (416) 605-8205