Page 586 - MOE ENGLISH PR REPORT - JULY 2024

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

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

https://en.aletihad.ae/news/business/4499607/uae-participates-in-65th-session-of-wipo--
reviews-its-effort