Page 598 - MOE ENGLISH PR REPORT - JULY 2024

7/12/24, 4:38 PM UAE participates in 65th Session of WIPO reviewing its efforts in building a competitive intellectual property protection system - Mid…
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

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