The General Organization for Export and Import Control, known by the acronym GOEIC, created a new electronic platform for commercial records. The system went online on November 30, 2018.
The e-system allows users to instantly access the records of importers, exporters, production requirements, and the register of agents. On the flipside, this tool facilitates that the enforcement of intellectual property rights and allows the identification of the parties responsible for importing counterfeits, which makes it much harder for infringers to hide their illicit activities.
With this update, Egypt 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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