Annual Report 2016 | Page 7

EVENT HIGHLIGHT: ROUNDTABLE ON THE REAL MARKET VALUE OF COPYRIGHTS This event was part of AmCham’s continuing efforts to help advance the protection of intellectual property in Macedonia and was a unique opportunity for stakeholders to gain perspectives on current local, regional, global trends and challenges in the copyrights management field. Roughly 40 key stakeholders, including Ministry of Culture representatives, companies from sectors that generally pay the highest tariffs for use of copyrighted material, prominent law firms working in the IP field and members of the diplomatic corps held dynamic discussion which led to the following conclusions:  Increased transparency and legally-defined deadlines embedded in the tariff setting negotiation process;  Creation of a tariff setting methodology, based on various economic parameters and the current economic situation in the country to ensure fairness toward all companies; and  6 | The inclusion of a representative from the business sector in the Board of any Copyrights Collective Management Society. AMERICAN CHAMBER OF COMMERCE IN MACEDONIA □ 2016 ANNUAL REPORT