Dubai’s Department of Economic Development (DED), has taken an effort to protect Intellectual Property rights through a launch of a new quarterly Index. This index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The level of intellectual property protection will be measured based on five major areas which include:
- Laws and regulations on intellectual property protection
- Commitment to applying existing laws and regulations
- Level of awareness of intellectual property rights and existing laws for protecting them
- Impact of intellectual property protection on economic growth and sustainable development
- Overall satisfaction on intellectual property protection levels
The index will be issued from the first quarter of 2015..
The index, shall also aim to promote innovation and protect the economic interests of dealers, suppliers and patent owners, will also provide a reading on the level of satisfaction with laws related to intellectual property rights protection.
Omar Bushahab, CEO of Commercial Compliance and Consumer Protection (CCCP) sector in DED says, “The index will help identify areas for improvement in the regulatory policies, processes, and strategies in the domain of intellectual property rights protection by gathering opinions and expectations of brand owners, law firms, distributors and trading agencies”. He also added saying that the survey will also reveal the level of awareness in existing intellectual property laws and policies.
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