MoC registers 9,412 trademarks in 11 months
MoC registers 9,412 trademarks in 11 months
The Ministry of Commerce has registered 9,412 trademarks as intellectual property in the first 11 months of this year, a year-on-year increase of 9.2 percent, according to a ministry’s annual report.
Since the start of the year, the ministry has received a total 11,789 trademark proposals for registration, up 16.45 percent compared to the same period of last year, read the report.
“In the first 11 months of this year, the ministry has registered 3,902 trademarks via the national system, and 5,519 trademarks were filed through the Madrid System,” read the report.
Through trademark registrations, business owners focus on creating an exclusive product identity in the market while focusing on quality alongside building customer trust, the ministry said.
Intellectual property is an essential tool in promoting trade in goods and services, new businesses and micro and small and medium enterprises, and foreign direct investment through value creation, commercialization, financing, innovation, and research and development.
The ministry has encouraged entrepreneurs to register their intellectual property for their products and services to add value and strengthen competitiveness in domestic and foreign markets, the ministry’s Secretary of State So Sreymech said.
“In today’s digital society, intellectual property rights are playing a central role in daily life, from the operation of companies or enterprises to various production processes. All business owners must pay attention to further study and use their legal rights to protect their intellectual property rights through registering their works or registering their trademarks,” Sreymech said during a ‘Certificate Hand Over of Trademark Registration for Entrepreneurs with Disability’ event on Monday.
She encouraged entrepreneurs to continue learning more about intellectual property, product development, using digital systems to promote their brands, promoting and improving product or service quality, participating in exhibiting their products at exhibitions, and participating in implementing and respecting laws in doing business
The ministry continues to deepen the reforms and the improvement of the quality of the ministry’s public service delivery through automation, reducing both cost and time and maintaining price stability and boosting domestic trade, market development and private sector development, she added.
