Page 581 - MOE ENGLISH PR REPORT - JULY 2024

7/12/24, 4:37 PM UAE participates in 65th Session of WIPO reviewing its efforts in building a competitive intellectual property protection system
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 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 standardized
international classification.

UAE's IP sector witnesses continued growth

The UAE's IP sector continues to experience growth with positive outcomes and indicators that reflect
the effectiveness of the economic legislation, initiatives, and projects launched and announced to
develop and enhance this vital sector over the past years.

In the first half of 2024, the Ministry of Economy recorded an increase in the registration of trademarks,
with a total of 15,319 trademarks being registered. This indicates a growth rate of 3.4 per cent compared

to the same timeframe in the previous year. In 2023, the overall number of registered trademarks
reached 31,280, reflecting a 16.5 per cent growth. Furthermore, the total number of trademarks in the
UAE stood at 122,000 between the years 2019 and 2023.

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