Page 197 - MOE ENGLISH PR - MAY 2024

6/3/24, 9:35 AM PRESSR: UAE participates in international diplomatic conference on genetic resources in Geneva to promote cooperation in IP & p…
from various entities concerned with IP protection in the country.

The Conference was attended by nearly 1,200 participants from

WIPO member states and marked a paradigm shift in legalizing

reliance on genetic resources for innovation and supporting IP’s role

in the sustainability and growth of economies.

In his speech at the Conference, H.E. Dr. Al Muaini emphasized that

the UAE, under the guidance of its wise leadership, attaches great

importance to protecting IP rights and enhancing its standing in the

country. To this end, the UAE has established a robust legislative and

technical environment to attract and promote talent, inventors,

innovators, and entrepreneurs, and safeguard their creations and

innovations in accordance with global best practices, in cooperation

with partners at local, regional and international levels. These

efforts stem from the country’s belief in the key role of intellectual

property in building the knowledge economy.

He said: "We appreciate the efforts of WIPO and participating

countries in reaching the final phase of the Treaty and establishing a

clear legal framework that ensures the protection of genetic

resources from possession and illicit use, and the organization and

improvement of patent mechanisms. We, at the UAE Ministry of

Economy, look forward to move towards their final signature to

emerge with the desired positive outcomes, working together in

expanding intellectual property applications and enhancing their

role in global economic development and sustainability."

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