Page 495 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/12/24, 9:59 AM PRESSR: Economic Integration Committee explores potential amendments to economic laws — TradingView News
Furthermore, the meeting reviewed the number of violations and penalties

imposed by the relevant authorities in this regard.

The Committee reviewed the Ministry’s efforts to increase the rate of
patent registrations and promote an environment conducive to innovation

and creativity in the country. These include the expansion of partnerships

with local economic departments to develop new initiatives that bolster

intellectual property (IP) and ensure the implementation of recently

introduced IP system measures. The Committee also discussed the

significance of the IP Finance project, which the Ministry has undertaken in
collaboration with the World Intellectual Property Organization (WIPO).

They explored ways to promote collaboration among member entities to

further the project's goal of enhancing financing opportunities in the

country's IP sector. Additionally, it aims to launch initiatives that enhance

the value of intangible assets for companies, strengthening the pillars of

an innovative and knowledge-driven national economy.

The meeting deliberated on various other topics aimed at enhancing

collaboration, coordination, and the exchange of knowledge and best

practices among the departments of economic development in the UAE.

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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