The Ministry of Economy (MoEc) hosted an array of events in connection with the World Intellectual Property (IP) Day, celebrated this year under the theme “IP and SGDs: Building Our Common Future with Innovation and Creativity”.
The initiative emphasised why IP protection is key to the achievement of Sustainable Development Goals (SDGs) and is a priority for the UAE in all sectors, particularly the economic one. It highlighted the proactive approach adopted by the UAE in establishing a legislative and regulatory framework that promotes IP rights and supports creators of ideas and entrepreneurial ventures in line with global best practices.
Under the directives of its leadership, the UAE has built a robust legal framework for intellectual property (IP), comprising three laws and 11 initiatives to bolster IP applications. This framework, aligned with global standards, aims to boost economic growth through knowledge and creativity.
Abdullah Al Saleh, MoEc's Under-Secretary, highlighted a 19.5% surge in patent applications, totaling 3,415 in the past year. MoEc actively celebrates World IP Day, emphasizing the pivotal role of IP in the national economy and supporting innovation. As part of World IP Day 2024, MoEc organized seminars and workshops to raise awareness of IP laws and promote sustainability in creative endeavors.
World IP Day is an annual global event celebrated on April 26, bringing together countries, organisations, and institutions that are involved in intellectual property matters. This event was initiated by the World Intellectual Property Organisation (WIPO), coinciding with the organisation’s establishment in 1970, with the aim of increasing awareness on the significance of intellectual property rights. It also serves as an occasion to promote awareness on various aspects of intellectual property including trademarks, patents, industrial designs, copyright, and creative industries.
News Source: Emirates News Agency
