UAE indicators MoU with WIPO to advance mental property ecosystem and strengthen coverage integration throughout innovation, schooling, and business

The Ministry of Economic system and Tourism signed a Memorandum of Understanding (MoU) with the World Mental Property Group (WIPO) to strengthen cooperation in growing the UAE’s mental property ecosystem in step with international greatest practices, and to trade experience in nationwide coverage and legislative improvement. The MoU was signed on the sidelines of the UAE delegation’s participation within the 66th assembly of WIPO member states in Geneva.

H.E. Abdulla bin Touq Al Marri, Minister of Economic system and Tourism, said that the settlement with WIPO marks a big step ahead in enhancing the institutional framework of the UAE’s IP ecosystem. He emphasised that it displays the management’s imaginative and prescient of creating a complete legislative and repair setting that protects the rights of innovators and creators, and fosters a aggressive, knowledge-based, and innovation-driven economic system. H.E. added that collaboration with WIPO will speed up the adoption of world instruments and insurance policies in digital transformation, capacity-building, and data coverage integration, additional cementing the UAE’s place as a worldwide hub for the brand new economic system and artistic industries.

H.E. mentioned: “Mental property is a key enabler of our nation’s knowledge-based financial mannequin, fostering innovation and supporting entrepreneurship in scientific, technological, and cultural fields. Subsequently, the Ministry of Economic system and Tourism continues to boost the UAE’s IP ecosystem in step with worldwide greatest practices. To this finish, we’re forging partnerships with our international companions and related international organisations and holding tempo with international technical and legislative developments on this regard, aligned with the aims of ‘We the UAE 2031’ to solidify the UAE’s place as a worldwide hub for the brand new economic system.”

The settlement was signed by H.E. Bin Touq and Daren Tang, Director Common of WIPO. Underneath the phrases of the settlement, each events will collaborate on supporting digital transformation, growing joint initiatives, and constructing institutional and human capacities. They may also strengthen coverage integration throughout innovation, schooling, business, and mental property by leveraging WIPO’s experience. A joint working group might be shaped to comply with up the implementation, assess progress, replace the motion plan, and share technical reviews and knowledge, thereby reinforcing the competitiveness of the UAE’s innovation and creativity sectors at regional and international ranges.

This collaboration reaffirms the UAE’s place as a key companion in shaping the worldwide mental property panorama and highlights its main position in supporting initiatives that foster a resilient, innovation-driven, and technology-based economic system, whereas safeguarding the mental property rights of creators and inventors throughout important sectors.