Arab News, Sat, Apr 20, 2024 | Shawwal 11, 1445
UAE records 64% surge in trademark registrations
Emirates:
The UAE recorded an annual 64 percent surge in trademark registrations,
amounting to 4,610 in the first quarter of 2024, official data showed.
The figures, released by the nation’s Ministry of
Economy, reveal the notable increase from 2,813 signups in the same period of
2023.
March emerged as a particularly prolific period,
with 2,018 new brands reported.
The trademarks registered during this time span a
wide range of key sectors, including smart technology, transportation, food and
beverage and pharmaceuticals as well as medical devices, finance, real estate,
and more.
The preceding months of January and February
collectively accounted for 2,592 trademarks, further highlighting sustained
growth and momentum in registrations.
As the country continues to position itself as a
global business hub, trademark registrations serve as a crucial indicator of
economic vitality and innovation-driven growth.
In a release on X, the ministry noted on April 17
that it has: “Worked on developing the trademark registration service, using the
latest technologies and innovative solutions to achieve higher efficiency and
better interaction with clients.”
The UAE’s adherence to international treaties and
agreements further strengthens its trademark registration regime.
By adhering to agreements like the Paris
Convention for the Protection of Industrial Property and the Agreement on
Trade-Related Aspects of Intellectual Property Rights or TRIPS, the UAE
facilitates international trademark registration and enforcement, empowering
businesses to broaden their operations across borders.
The nation has further established mechanisms for
enforcing trademark rights and combating infringement.
These include civil remedies, such as damages,
injunctions, and seizure of infringing goods, as well as criminal penalties for
trademark counterfeiting and piracy.