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7/12/24, 4:38 PM                                             Latest News
        that support the growth of knowledge-based enterprises, innovation and R&D.
        In his speech at the session, H.E. Bin Touq reviewed key developments in the UAE’s IP landscape and

        achievements in IP rights protection. The country has succeeded in building a comprehensive and
        sophisticated legislative environment to protect IP rights of creators and innovators and stimulate original

        thought and innovation in all fields. Also notable is the promulgation of an array of supportive legislation such
        as the Trademark Law, the Copyright and Neighboring Rights Law and the Industrial Property Rights

        Regulation and Protection Law and building distinct partnerships with leading IP institutions and ecosystem
        stakeholders at the local, regional and global levels.

        H.E. emphasized that national efforts and joint work to launch more initiatives and pilot projects that enhance
        the UAE's position as an incubator that fosters creative and innovative businesses are continuing. The
        Ministry of Economy is currently working on the implementation of its new IP 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.


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