Indonesia advocates for international Intellectual Property standards

Law Minister Supratman Andi Agtas stated that Indonesia is proposing the adoption of international Intellectual Property standards. The proposal aims to transition royalty negotiations away from purely private business-to-business agreements toward defined international parameters regulated by WIPO. This joint initiative involves the Foreign Affairs Ministry and the President's Special Envoy for the Creative Economy Yovie Widianto.

The primary objective of the proposal is to ensure that creators, particularly those from developing nations, receive equitable economic returns for their intellectual property. By establishing defined international parameters, the initiative seeks to foster a healthier creative industry within Indonesia.