Page 574 - MOE ENGLISH PR REPORT - JULY 2024
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The MoU was signed by Dr. Abdulrahman Hassan Al Muaini, Assistant Under-Secretary for

                   IP Rights Sector at the Ministry of Economy, and 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 organisations 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 for excellence and competitiveness in innovation and IP rights protection. These

                   efforts align with the objectives outlined in 'We the UAE 2031' vision.



                   Under the terms of the MoU, spanning a period of five years, both sides will cooperate to
                   share knowledge about intellectual property systems and practices in line with international


                   standards. Another objective is combatting infringements on intellectual property rights of
                   commercial goods.



                   The partnership also includes training and developing nationals, ensuring they stay well-

                   informed about the latest technological advancements and digital resources, thereby

                   enhancing their understanding of contemporary intellectual property practices.



                   The UAE has been actively working on strengthening its regional and international

                   cooperation in IP rights protection. This has been accomplished through its participation in

                   various international agreements and treaties such as the 'Nice Agreement,' and the 'Madrid

                   Protocol'.



                   Additionally, the UAE has joined the 'Budapest Treaty', which plays a crucial role in

                   supporting innovations and fostering a conducive environment for scientific research related

                   to microorganisms. The country has also acceded to the 'Strasbourg Agreement,' which aims

                   to promote and classify patents according to a standardised international classification.



                   UAE's IP sector witnesses continued growth





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