Page 43 - MOE ENGLISH PR REPORT - JULY 2024

Press Release

system. It includes 11 initiatives aimed at establishing a competitive IP environment that enables
inventors and creators to develop their entrepreneurial ideas and turn them into viable business
opportunities and projects.

The Minister of Economy said: "This year's WIPO meeting is particularly important as it coincides
with our celebration of the 50th anniversary of the UAE's accession to the Organization. These five
decades have been eventful, characterized by fruitful cooperation and effective partnerships
between the two sides." He added that the UAE is keen to continue its cooperation with WIPO and
the Member States, looking forward to more constructive work to support IP rights protection and
the exchange of expertise and knowledge, thereby contributing to the achievement of the
Organization's sustainable development goals and promoting the growth of Member States'
economies.

H.E. Bin Touq added: "The UAE, in line with its leading role regionally and globally in solidifying
the importance of IP rights protection, reiterates its interest in implementing and operationalizing
the proposal to host Abu Dhabi as an external office of WIPO, and supporting efforts to introduce
Arabic into the Madrid System for International Registration of Trademarks, thereby increasing
Arab communities’ engagement with WIPO, and promoting the principle of multilingualism."

"The UAE warmly welcomes Mr. Daren Tang, Director General of the World Intellectual Property
Organization (WIPO), to the upcoming World Government Summit scheduled for February 2025.
The Summit will serve as a key opportunity for engaging in discussions and deliberations on the
future of the IP sector and the potential opportunities it offers, along with the technologies
supporting its development," stated H.E. Bin Touq.

MoU with Japan to exchange of expertise in IP rights protection

On the sidelines of the meeting, H.E. Bin Touq witnessed the signing of a Memorandum of
Understanding (MoU) between the Ministry of Economy and the Japan Patent Office (JPO). The
objective of this MoU is to establish a collaborative framework between the UAE and Japan in the
realm of intellectual property, specifically focusing on patents, utility certificates, and industrial
designs. The MoU was signed by H.E. Dr. Abdulrahman Hassan Al Muaini, Assistant
Undersecretary for IP Rights Sector at the Ministry of Economy, and Mr. Hamano Koichi, JPO
Commissioner.

The MoU signifies a key milestone in the UAE's efforts to expand its international cooperation and
foster dialogue and collaboration with relevant global organizations and institutions in the field of
IP. It will reinforce the UAE's position as a prominent hub for the new economy, while also striving

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