Page 537 - MOE ENGLISH PR - APRIL 2024
P. 537
Trademark experts and analysts said the remarkable surge in trademark registrations is
a positive sign for the business community in the UAE and reflects a growing investor
confidence in the country’s economy and business environment.
Sunil Ambalavelil, partner and legal consultant of NYK Law Firm, said trademark
registration is a key aspect of protecting intellectual property rights and ensuring that
businesses can differentiate their products and services in the market. “By registering a
trademark, businesses can prevent others from using their brand name, logo, or slogan,
and can establish a unique identity in the marketplace. This not only helps businesses
build brand recognition and loyalty among customers but also adds value to their
products and services,” Ambalavelil said.
“The increase in trademark registrations in the UAE indicates a growing awareness
among businesses about the importance of protecting their intellectual property rights. It
also reflects a confidence in the legal framework and enforcement mechanisms in the
country, which are crucial for safeguarding trademarks and other intellectual property
assets,” Ambalavelil added.
“The UAE has made significant efforts in recent years to strengthen its intellectual
property laws and regulations, and this increase in trademark registrations is a
testament to the effectiveness of these measures,” said Shulka Chavan, legal associate
at Kaden Boriss. “This increase in trademark registrations is a vital metric signalling
growth propelled by innovation. It is likely to have a significant impact on business
confidence in the UAE, as it signals a strong commitment to safeguarding trademarks
and other intellectual property assets. It also bodes well for the country’s economy, as it
can lead to increased competition, innovation, and foreign investment, ultimately driving
growth and prosperity in the UAE,” said Chavan.
In March alone, 2,018 new brands were recorded in the UAE. During this period, the
trademarks registered cover a broad range of key sectors, spanning from smart
technology and transportation to food and beverage, pharmaceuticals, medical devices,
finance, real estate, and more. During January and February, 2,592 trademarks were
listed, underscoring the ongoing growth and momentum in the UAE’s registrations.
https://www.khaleejtimes.com/business/uaes-trademark-listing-surge-signals-rising-investor-trust