Thailand launches six-point strategy to overhaul IP framework

At a meeting of the National Committee on Intellectual Property Policy, finance minister Pichai Chunhavajira has introduced a six-point strategy to overhaul Thailand’s intellectual property framework. The plan aims to drive innovation, bolster small- and medium-sized enterprises (SMEs) and secure Thailand’s removal from the United States’ Special 301 Watch List.

The finance minister said a robust IP ecosystem is fundamental to both economic growth and international standing. He argued that protecting intellectual property is crucial for attracting foreign investment and enhancing the global competitiveness of Thai businesses.

Deputy commerce minister Chantawit Tantasith supported this view, noting that a core policy is to empower SMEs by helping them leverage IP to create new business opportunities and increase the value of their products and services.

The strategy directs the Department of Intellectual Property to improve Thailand’s performance in the Global Innovation Index through six key pillars:

·Promoting the commercial application of research
·Enhancing value through creativity
·Developing financial mechanisms for innovation
·Expanding its practical use
·Fostering innovation-based enterprises
·Strengthening data management systems
·This multi-pronged approach establishes short-, medium- and long-term policy directions for the nation.

Complementing the strategy, the committee approved the 2026-2027 Intellectual Property Development Plan, which mandates proactive integration across legal reform, stricter enforcement against infringement, improved public services and awareness campaigns. These measures aim to combat IP violations while directly addressing the issues underlying Thailand’s inclusion on the U.S. trade watch list, signalling a firm commitment to building a more competitive and investment-friendly economy.