The article highlights relevant issues within the global debate on geographical indications, as they relate to food products. Geographical indications, a form of intellectual property designated by considering principally the place of origin of products, have become a hot topic among producers, activists, economists, and politicians worldwide. Commercial and legal issues related to them have generated complex negotiations in international organizations and national institutions, while their cultural aspects have stimulated theoretical debates about the impact of global trade on local identities. Geographical indications could become a valid tool to implement community-based, sustainable, and quality-oriented agriculture, depending on the sociopolitical environment and whether they are relevant for the producers involved, affordable in terms of administrative and management costs, and applicable on different scales of production. The article also explores the environmental impact of geographical indications and their potential in ensuring the livelihood of rural communities in emerging economies and promoting sustainable agricultural models.