As Taiwan's economic structure moves from one that is skill-intensive to one that is knowledge-based, intellectual property assumes an increasingly pivotal role in Taiwan's future. Accordingly, the government has adopted aggressive IP policies, which seek to facilitate innovation and research.
As a WTO member, Taiwan completed its first IPR review exercise at the TRIPS Council meeting in late November 2002. However, to fulfill its obligation as a WTO member and to be fully consistent with TRIPS Agreements, Taiwan has amended its Trademark, Patent and Copyright Acts in the last two years.