Economic Ministry, USPTO Trademark Bill Seminar to Conclude Today

Photo: Markus Winkler on Unsplash

A two-day seminar on the Trademark Bill, jointly organised by the Ministry of Economic Development and Trade, the Maldives Customs Service, and the United States Patent and Trademark Office (USPTO), will conclude today.

Representatives from various sectors, including the Economic Ministry, Maldives Customs Service, Attorney General’s Office, Prosecutor General’s Office, Ministry of Youth, Maldives Police Service, Bar Council of the Maldives, and Business Center Corporation, participated in the seminar. 

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Discussions centred on diverse aspects of the bill, ranging from its potential implications to procedural intricacies. Participants received valuable insights into trademark rights, including the requirements for registration and potential challenges inherent in the process.

Presently, the Economic Ministry has proposed amendments to the Copyrights Act and other relevant legislations. This initiative aims to empower businesses to maximise the value of their intellectual assets and enhance investor trust in the country’s business environment.

Furthermore, the Economic Ministry is actively working towards presenting the Trademark Bill to Parliament within the current year.

The Ministry is also in the process of formulating a Patent Bill and legislation pertaining to geographical indications.

Additionally, plans are underway to establish a collective management organization to distribute royalties to individuals engaged in literary and artistic endeavours.

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