Achieving the Appropriate Measures of Trade Facilitation Using Intellectual Property Rights in Engineering and Trade Facilitation, for a Sustainable Global Trade

Abstract

This study was aimed at achieving the appropriate measures of trade
facilitation that will be able to sustain intellectual property rights in
engineering and trade facilitation in innovations, inventions, trade
secrets, industrial designs and patent of newest technologies for
global trade. Questionnaires were administered to 280 respondents
and data from results recorded were analyzed using descriptive
statistics. From the five objectives and five hypothesis tested,
fundamentals of trade facilitation and intellectual property rights to
protect documentation trade were recorded. Results from model
summary stated the coefficient of determinate (R) value to be 0.627
showing a 62.7% variation, with a P value of 0.000 which was less
than 0.05 with F value of 80.132, showing a significant relationship
between documentation in trade (DIT), Intellectual Property Rights
(IPR), Trade Facilitation (TF), Cargo Operations and Customs
Produces (COACP), Cross border trade transactions (CBTT) and
using intellectual property rights for a sustainable global trade.
Results from model summary from hypothesis 2, showed that ANOVA
table results of F value of 40.4 with a P value of 0.000 was recorded.
Since P<0.05 is accepted, there was a significant relationship between
trade facilitation and the fundamental principles of trade facilitation
with standard trade procedures. Results from model summary of
hypothesis 3 showed that there was a significant relationship between
effective transactions of Cross border trades, intellectual property
rights and trade facilitation. Results from model summary hypothesis
4, showed that there was a significant relationship between trade
facilitation and the fundamental principles of trade facilitation as it
influenced trade and transport. Results from model summary of
hypothesis 5, showed that there was a significant relationship between
intellectual property rights and trade facilitation. From the summary
of respondent’s opinion, indices were recorded. DIT had an index of
3.07 to have the grand index, COACP had an index of 3.04, CBTT had
an index of 2.98, TF had an index of 2.97 and IPR had an index of
3.10 showing that respondents affirmed their opinion on
documentation in trade, cargo operations and customs procedures,
intellectual property rights in engineering and manufacturing as the
appropriate measures for effective Trade facilitation for a sustainable
global trade. In conclusion, using intellectual property rights tools
such as trademarks, trade secrets, industrial designs and patents will
help protect inventions, innovations and enhance manufacturing of
goods to promote distribution of goods and services.