Trademark registrations slightly increase in 2019
Trademark registrations slightly increase in 2019
Registrations for trademarks rose slightly in the first 11 months of last year compared to the same period in 2018, the Ministry of Commerce’s Results Review and Implementation Plan for 2020 report stated.The report showed that trademark registrations rose by 2.13 per cent to 3,841, up from 3,761.
Some 1,445 local companies and 2,396 international firms registered for trademarks, a breakdown of the data showed.
Ministry of Commerce Intellectual Property Rights director Op Rady told The Post that while the rise in registrations was modest, the increase signalled that local investors were becoming increasingly aware of intellectual property law.
“[The increase] reflects a better understanding of intellectual property rights and more businesses operating in the Kingdom.
“Proper registration of trademarks will help to prevent conflicts and protect the original rights holder as it guarantees free and fair competition,” he said.
A large number of duplicate applications for trademarks also contributed to the slight increase, according to Rady.
“There are some brands that are similar to others, almost indistinguishable, and it can be confusing, which may be detrimental to the original brand,” he said.
Cambodia joined the Madrid Protocol in March 2015, with the agreement coming into force in June that year.
Under the Madrid Protocol, trademarks registered by Cambodian businesses are recognised by all of the treaty’s 98 members, covering 114 countries.
Noting the benefits, Cambodia Chamber of Commerce vice-president Lim Heng said businesses would enjoy increased trademark protection and awareness among local investors.
“The registration of multiple brands will create fair competition. We always encourage investors to register their trademarks to maintain their rights,” Heng said.
