The Ministry of Economy announced that the number of registered patents at the end of 2020 was 25598 while the number of patent applications was 1971.
On World Intellectual Property Day, April 26, the ministry told the Emirates News Agency (WAM) that it continues to address the problem of counterfeit products, noting that its Department of Trade Regulation had conducted 463 inspections and filed 98 infringements in the first quarter of 2021.
“The department continues to conduct inspection visits and respond promptly to complaints about counterfeit products in local markets to protect talents and innovators,” he added while noting that the number of trademarks registered from 1992 to April 21, 2021, stood at 269,189.
The Ministry has signed more than ten agreements with international institutions that support intellectual property rights, including the Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure and the Strasbourg Agreement Concerning the International Classification of Patents. The Department acceded to the Paris Agreement in 1996, the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) in 1996, the Berne Convention in 2004, the Rome Convention for the Protection of Performers, Producers of Phonograms and Broadcasting Organizations in 2004, the WIPO Copyright Treaty (WCT ) in 2004, and the WIPO Performances and Phonograms Treaty (WPPT) in 2005.
The Ministry also acceded to the Beijing Audiovisual Performances Treaty in 2014 and the Marrakesh Treaty to Facilitate Access to Published Works for Persons Who Are Blind, Visually Impaired, or Print-Disabled in 2014.
Small and medium-sized enterprises (SMEs) are taking center stage at this year’s celebration of World Intellectual Property Day, with WIPO Director General Daren Tang describing them as the “unsung heroes” of the global economy and an engine of growth in a post-pandemic world.
In a video message celebrating World IP Day, which is held every April 26, Mr. Tang said that SMEs account for 90 percent of all businesses worldwide and 70 percent of global employment. That’s why the theme of World IP Day 2021 is “Intellectual Property and SMEs: Bringing Your Ideas to Market.”
“SMEs are the engines, the unsung heroes of our economy. And yet, for many of them, it is still unknown how intellectual property can help them translate their ideas into products, and how intellectual property can be a powerful tool for them to not only survive, but to compete and grow,” he said.