Despite the global lockdown and worldwide social distancing, the Saudi Authority for Intellectual Property (SAIP) signed a program for exchanging intellectual property data with the Korean Intellectual Property Office (KIPO) on April 22, 2020. The program will provide IP information to the public through the exchange of published and registered IP data in both Saudi Arabia and South Korea.
It is worth noting that SAIP has regularly been showcasing its efforts as a self-funded agency with consolidated enforcement power and streamlined procedures. SAIP has been very active since its inception in late 2017, and has signed patent prosecution highway agreements with the United States Patent and Trademark Office, the Japan Patent Office, and the Korean Intellectual Property Office.
Saudi Arabia shows its commitment to develop and establish a competent IP system and demonstrates its awareness of the strategic importance of IP on the country’s economic development.
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