Europe ups international patent cooperation in Asia

28th February 2014

MGI World Europe ups international patent cooperation in Asia

Europe and Asia have taken a step closer to cooperation on intellectual property law and patents following a meeting between leaders in Cambodia. The deal between the European Union and the Association of Southeast Asian Nations (ASEAN) would support innovation and the knowledge-based society in those countries.

The nine heads of ASEAN member states intellectual property offices and Benoît Battistelli, president of the European Patent Office (EPO), reached the agreement in Siem Reap this week.

Parties have signed a memorandum of understanding on establishing an institutional framework for working more closely together patents.

Tan Yih San, chief executive of the Intellectual Property Office of Singapore, says businesses will benefit from the deal, which will mean greater market access in South East Asia and Europe as patent offices in both regions are able to work more closely together.

In a statement, ASEAN said: “In this perspective, the EPO-ASEAN cooperation will include: training of patent examiners; data exchange; patent classification; machine translation; search tools; and exchange of best practices and technical/policy solutions.”

Mr Battistelli noted the growing economic significance of the bloc as being a crucial factor. ASEAN consists of a number of regional powerhouses and emerging nations, including Indonesia, Singapore, Malaysia, Brunei, Thailand, Laos, Vietnam, Burma and the Philippines.

It comes shortly after the EPO reached a deal with Mexico on patent cooperation, further strengthening business links between the EU and the Latin American nation.

Mr Battistelli said fostering the protection of intellectual property in the two regions was vital for businesses on both sides. "European companies are among the most active users of the patent system in Mexico, filing a substantial share of all patent applications there,” he explained earlier this month following the deal.

He went on to say that the EPO will support the Mexican Institute of Industrial Property (IMPI)  in efforts to “enhance its services to inventors and innovative businesses in Mexico”.

Director general of IMPI, Miguel Ángel Margáin, said the deal would help increase the number of patents filed by Mexican companies.

Read more on Industry news

MGI World Mexico Peru coats of arms with red and green and country text overlay

Our firms in Peru and Mexico proudly represent MGI Worldwide CPAAI in the October edition of the IAB

17th November 2021

The October edition of the International Accounting Bulletin (IAB) features Country Reports from...

MGI World 3 pictures of MGI Team receiving the 2021 -22 Rising Star Network Award on golden graphic background

MGI Worldwide Named 2021 Rising Star Network of The Year At Prestigious International Accounting Awards

11th November 2021

MGI Worldwide is proud to announce that the network has been named 2021 Rising Star Network of The...

MGI World Chile Panama 518X362

Our firms in Chile and Panama discuss their respective countries efforts to bounce back from the impact of Covid 19 in the September edition of the IAB.

9th November 2021

The International Accounting Bulletin (IAB) recently published its Country Report for Chile and...