Intellectual property as a Driver for Brazil’s Economic Growth and Investment Opportunities

The role of Intellectual Property (IP) in Brazil’s economic growth was a key topic at an event hosted by Amcham Brazil. The Executive Secretary of the Ministry of Development, Industry, Trade, and Services (MDIC), Marcio Elias Rosa, highlighted recent progress in Brazil’s IP policies and their contribution to creating a stable and predictable business environment for investors.

According to Rosa, IP modernization has been prioritized in national and international initiatives, including its inclusion in the recent Mercosur-European Union trade agreement. The agreement ensures recognition of Brazilian geographical indications (GIs), such as Canastra cheese and cachaça, in European markets.

“Strengthening intellectual Property is essential for the government’s economic agenda. It provides predictability for private-sector initiatives and ensures the legal security necessary to attract new investments,” stated Rosa.

Efforts to Address the Patent Backlog and Improve Efficiency

A key focus of Brazil’s IP reform has been reducing the patent backlog at the Brazilian Patent and Trademark Office (BPTO). Rosa reported a decrease in the average patent examination time from six to four years and two months, with plans to reach two years by 2026. The reforms include investments in technology, infrastructure, and workforce expansion through upcoming public recruitment processes.

Juliana Ghizzi Pires, Director of the Department of Intellectual Property Policy and Quality Infrastructure, emphasized the importance of structural changes within the ministry. “For the first time, the ministry has a dedicated department for IP policy, which has accelerated progress in this area,” she noted.

Intellectual Property as Part of Brazil’s Industrial Strategy

Intellectual Property also plays a central role in the government’s New Industry Brazil (NIB) initiative, which aims to support innovation and industrial development. IP policies have been integrated into the program’s six industrial priorities, strengthening collaboration between Scientific and Technological Institutions (ICTs) and the private sector.

Amcham CEO Abrão Neto acknowledged the importance of these reforms: “Policies that emphasize intellectual property as part of the industrial strategy are critical to fostering a more competitive and innovative economy.”

Implications for International Investors

The ongoing improvements to Brazil’s IP system indicate a more transparent and efficient environment for businesses and investors. By addressing longstanding challenges, Brazil aims to provide stronger legal foundations for companies looking to operate and expand in the region.

Tavares IP offers specialized support for international businesses navigating Brazil’s IP landscape. Our team ensures that your intellectual assets are protected and aligned with local regulations, enabling secure and effective market entry.