GENEVA, 8th October 2016 (WAM) – The United Arab Emirates (UAE) and South Korea have signed a Memorandum of Understanding (MoU) on enhancing the infrastructure of the intellectual property and updating relevant policies, legislations and initiatives.

The MoU was signed during the 56th meeting of the World Intellectual Property Organisation (WIPO), which is being held in Geneva on 3-11 October.

It was signed by Mohammed Ahmed bin Abdul Aziz Al Shehhi, Ministry of Economy’s Under-secretary for Economic Affairs and Choi Donggyou, Commissioner of the Korean Intellectual Property Office (KIPO).

Following the signing, Al Shehhi said the MoU comes at the heel of several agreements with KIPO to boost partnership and to benefit from their expertise in developing a world class system for protecting the intellectual property rights in the UAE.

he added that the step is part of the ministry’s efforts to realise the objectives of the UAE Vision 2021, including a knowledge-based, highly productive and competitive economy, driven Innovation, research, science and technology.

The MoU provides for creating and operating the International Patent Documentation Center in the UAE, as well as developing and implementing training programmes for the patent examiners.

Under the MoU, the two sides will hold annual meeting to review progress of joint programmes. KIPO will delegate experts to ensure implementation of the programmes.