The Impact of Geographical Indication In The International Trade.

Abstract

Geographical Indications (GIs), which provide a special kind of intellectual property protection that preserves the connection between goods and their geographical origins, have become an important component of the global commerce environment. GIs are useful instruments in international trade for recognising and marketing unique goods, preserving cultural heritage, and bolstering regional economies. In the context of international commerce, this article offers a thorough review of GIs, examining their historical development, legal frameworks, economic and cultural significance, as well as the potential and problems they bring. The idea of geographical indications (GIs) dates back to ancient times, when buyers and merchants realised that goods coming from particular areas had distinctive characteristics. This acknowledgment has developed over the ages into a structured system of protection and advancement supported by worldwide accords and legislative frameworks. These days, GIs include a broad spectrum of items, including as meals, wines, spirits, handicrafts, agricultural products, and other traditional goods with a strong connection to their original regions.