Sri Lanka, WIPO in talks to accede to Madrid protocol

ECONOMYNEXT – Sri Lankan Ministry of Industry and Commerce officials have held talks with senior representatives of the Geneva based World Intellectual Property Organization (WIPO) on joining the Madrid Protocol, which facilitates trademark registration overseas.

Exporters have been pressing for the Madrid protocol as it enables companies to register their trademarks in several countries with one application, instead of having to make multiple applications in different countries which is costly and time consuming.

But to derive its benefits companies must be able to register their trademarks without the delays being currently experienced, they have said.

On Thursday Secretary to the Ministry of Industry and Commerce Chinthaka S. Lokuhetti met the Director of the Regional Bureau for Asia and Pacific of WIPO, Andrew Michael Ong, a statement from the Permanent Mission of Sri Lanka in Geneva said.

“The support of WIPO was sought in the formulation of the national IP policy for Sri Lanka, accession to Madrid Protocol, development of IP Hubs within Sri Lanka and in strengthening the capacity of the National IP office (NIPO), in terms of structure, human resources and skills, including the development of middle level management,” it said.

It was agreed that officials from Sri Lanka undertake a study visit to South Korea in June 2017, with the objective of learning from the best practices in establishing a coherent IP strategy.
(COLOMBO, March 31, 2017)
 

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