Saudi Arabia and Indonesia have signed a Memorandum of Understanding (MoU) to collaborate on developing their intellectual property (IP) ecosystems. This agreement was established on the sidelines of the World Intellectual Property Organization (WIPO) meeting in Geneva.
The cooperation framework aims to create synergy and mutual benefits in managing and developing IP systems in both countries. The two nations will exchange expertise on challenges related to the development of IP systems and the utilization of IP networks. This collaboration includes sharing strategies and best practices, particularly in leveraging the latest technologies such as artificial intelligence in IP management.
Additionally, the agreement covers information management, training, and development of human resources, as well as regulations and policies related to intellectual property. Both countries will also work together to promote and raise awareness of the importance of IP rights.
This MoU highlights the commitment of Saudi Arabia and Indonesia to continue innovating and adapting to the latest international IP regulations and technologies, aiming to bring significant benefits to both countries in developing and protecting their intellectual properties.
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