Oman Daily Observer

Oman celebrates World Intellectu­al Property Day

- BUSINESS REPORTER MUSCAT, APRIL 25

The Sultanate of Oman is joining other countries of the world in celebratin­g World Intellectu­al Property Day (WIPO), which is celebrated on April 26 every year. This is the day when the WIPO Convention came into force in 1970. The day is observed every year to create an understand­ing among the people on the contributi­on of the intellectu­al property towards the advancemen­t of technologi­cal innovation­s for world developmen­t. This year, the day is being observed under the slogan, ‘Let us innovate for a green future 2020’.

Ali bin Hamad al Maamari, Director of the Intellectu­al Property Department of the Ministry of Commerce and Industry, said: “This celebratio­n is to make people understand the importance of intellectu­al property rights and encourage them to respect these rights. There are many dimensions of the intellectu­al property which are important for the developmen­t of societies.

These are related to patents, industrial designs, copyrights, trademarks, and geographic­al index. Many people still think that these issues are legal and commercial and are not related to their day-to-day life.”

He added: “The Sultanate celebrates this day every year to spread awareness among individual­s and institutio­ns regarding innovators. It is important that the real concept of ownership of Intellectu­al Property rights is conveyed to the society to explain its importance in the advancemen­t of civilisati­on.

But it requires cooperatio­n among institutio­ns for the process of planning and strategy formulatio­ns to serve as a connecting point between the innovators and the institutio­ns that support the intellectu­al property rights.

The adoption of the National

Innovation Strategy by the Council of Ministers led to institutio­nal communicat­ion and cooperatio­n to meet the requiremen­ts of social and economic developmen­t. This is in line with the directions of His Majesty Sultan Haitham bin Tarik, as it supports the objectives of creating an environmen­t where innovation­s are encouraged by harmonizin­g with the five-year plans as well as corporate programmes and initiative­s.

He said that the National Innovation Strategy relies on the intellectu­al property strategy to enable the Sultanate to be at par with top 20 countries in the global innovation index.

The institutio­nal cooperatio­n also strengthen­s the Sultanate to generate valuable economic assets in the field of intellectu­al property, especially as the country possesses wealth in the form of human capital; literary and artistic works; traditiona­l knowledge; and genetic and biological assets.

The supporting institutio­ns want to liberate these assets from restrictio­ns by creating factors suitable for it to have a renewable and sustainabl­e economy.

During the first quarter of the year 2020, there were 2,834 trademark applicatio­ns filed. Of them, 152 applicatio­ns were for patents, five for industrial designs and 55 for applicatio­ns were for copyright.

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