The Saudi Authority for Intellectual Property (SAIP) recently signed a memorandum of understanding (MOU) with the French Institute of Industrial Property (INPI). The MOU aims to facilitate the bilateral cooperation in intellectual property between the two countries through exchange of information and practices, as well as experience and capacity building in intellectual property in general and geographical indications in particular.
It is worth noting that SAIP has regularly been showcasing its efforts as a self-funded agency with consolidated enforcement power and streamlined procedures. SAIP has been very active since its inception in late 2017, and has signed several agreements with the United States Patent and Trademark Office, the Japan Patent Office, and the Korean Intellectual Property Office.
Saudi Arabia shows its commitment to develop and establish a competent IP system and demonstrates its awareness of the strategic importance of IP on the country’s economic development.
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