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Thailand encouraged to redefine creative economy policy

Thailand encouraged to redefine creative economy policy

11 Sept 03:43 Key points summarised by AI
  • Thailand's Creative Economy Agency (CEA) and Department of Intellectual Property (DIP) are collaborating with the World Intellectual Property Organization (WIPO) to adopt the Creative Economy Data Model (CEDM). This initiative aims to develop evidence-based policies for the creative economy, which significantly contributes 8.01% to Thailand's GDP.
  • The CEDM is an innovative measurement instrument designed to evaluate the creative economy ecosystem by incorporating economic, social, and cultural factors, with a strong emphasis on intellectual property as a key driver from ideas to products.
  • As the fourth country to pilot CEDM, Thailand will use the model to identify strengths, gaps, and areas for improvement within its creative industries. This will enable targeted policy development, attract investment, and strengthen IP protection, particularly in adapting to the digital transformation and emerging AI technologies.
  • WIPO highlights that reliable data from CEDM is crucial for governments to formulate effective policies, enhance the sector's recognition, and ensure a resilient IP ecosystem that supports human creativity and innovation while respecting creative rights in the age of AI.
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