HK, Australia Boost IP Co-operation

The Intellectual Property Department signed a Memorandum of Understanding with IP Australia to strengthen mutual co-operation in the field of intellectual property (IP).

 

Under the pact, the two places will pursue co-operation in a wide range of areas in IP protection and commercialisation and capacity building in patent examination.

 

They will also share experiences in the operation of the international trademark registration system, promotion of dispute resolution to resolve IP disputes, and the development of information technology systems for the management of examination and grant of IP rights.

 

Director of Intellectual Property David Wong said: "I am confident that this collaborative initiative would inspire and bring about more joint IP undertakings in future. 

 

“As Hong Kong will soon roll out the ‘original grant patent’ system and we are also taking steps to implement the Madrid Protocol in the coming years, IP Australia's rich experience in conducting substantive patent examination and establishing an international trademark registration system under the Madrid Protocol would be invaluable to us.”

 

The department said as Hong Kong and Australia are both members of the IP Rights Experts Group of Asia-Pacific Economic Cooperation, the two sides have a long history of collaboration on the patent and trademark fronts.

 

The pact consolidates the foundation for co-operation between the two places and takes such co-operation to new heights, it added.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more