February 26, 2021 (MLN): Ministry of Commerce on Friday informed that on February 24, 2021, Pakistan joined the Madrid Trademark System of World Intellectual Property Organization (WIPO).
‘It is a mechanism for easier and cheaper protection of trademarks globally. This will take effect from 24 May 2021’, the Adviser to PM, Abdul Razzak Dawood said via Twitter.
‘Our exporters would be able protect their trademarks in 107 export markets by filing a single application & paying a single set of fees at WIPO. It will also encourage leading world brands to enter Pakistan’s market’, he said.
‘It is our policy that helping our brands to go global is the best & most sustainable way to increase exports. MOC remains committed to supporting our brands & to strengthening of intellectual property ecosystem. I want to congratulate IPO Pakistan for work done in this regard’, he added.
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