Page 30 - MOE ENGLISH PR - MAY 2024

Press Release

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."

Treaty ensures improved patenting system for innovations with genetic resources

The treaty finalized by participants of the Conference ensures enhanced intellectual property
protection with regard to innovations or knowledge derived from genetic resources. Genetic
resources include medicinal plants, agricultural crops, animal breeds and other inventions, which
cannot be directly deemed as intellectual property. However, the inventions on which they are
based can be protected by improving and regulating the granting of patents, to which all signatories
are bound by the Treaty.

The Treaty obliges member states to comply with all standards approved by the Organization,
whereby the parties acceding to the Treaty must adopt a system for the detection of genetic
resources in the application for patents submitted to them and entities affiliated to them. The
inventor or innovator is required to disclose the source of the country of origin of the genetic
material and any associated traditional knowledge on which his/her innovation is based on. It was
agreed that member states would begin to develop their regulations in preparation for the final
signing of the Treaty and commit themselves to its provisions in coordination with WIPO.

Ministry of Economy’s active participation in the diplomatic conference

The participation of the Ministry of Economy in the Conference, representing the UAE,
underscores the country's leadership in complying with international norms and standards on IP
protection, the importance of the sector in sustainable economic development, and the
consolidation of its position as a global hub for innovation and creative economy.

The Ministry will soon begin working on the implementation of the new treaty through cooperation
with patent offices and international bodies to ensure effective implementation of patent screening
requirements with high efficiency and in full compliance with international standards.

-Ends-

For further information, please contact:

Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com

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