Saudi Arabia and Indonesia partner to enhance intellectual property ecosystem
- Indonesia and Saudi Arabia signed a cooperation agreement during the World Intellectual Property Organization meeting in Geneva.
- The cooperation also includes efforts to promote and raise awareness of the importance of IP rights in their respective countries.
- The cooperation shows the two countries’ commitment to innovation and adaptation at the international level.
The government has announced that Indonesia is seeking to collaborate with Saudi Arabia to develop its intellectual property ecosystem. The two countries signed a cooperation agreement on the sidelines of the World Intellectual Property Organization meeting in Geneva.
During a bilateral meeting on Wednesday, the Saudi Authority for Intellectual Property and Indonesia’s Directorate General of Intellectual Property, a department under the Ministry of Law and Human Rights, signed a memorandum of understanding.
Indonesia’s Min Usihen and Saudi Arabia’s Abdulaziz bin Mohammed Al-Swailem, who are attending WIPO’s 65th general assembly in Switzerland until July 17, represented their respective parties.
“We are hoping that this framework of cooperation will create synergy and will benefit the management and development of intellectual property in Indonesia and Saudi Arabia,” Usihen said in a statement.
“Both parties agreed to exchange feedback on challenges concerning the development of IP systems, and the creation and utilization of IP networks.”
The agreement involves Saudi Arabia and Indonesia sharing strategies and best practices to advance their IP ecosystem. This includes exchanging experiences on utilizing the latest technology in the field, such as artificial intelligence.
The pact also includes information management, training and developing human resources and establishing regulations and policies related to intellectual property. It also encompasses efforts to promote and raise awareness of the importance of IP rights in their respective countries.
“With the signing of this MoU, we are hoping that cooperation between Indonesia and Saudi Arabia in intellectual property will be closer, so that it may bring significant benefits for the two countries in developing and protecting their intellectual properties,” Indonesia’s IP directorate said in a statement.
“This cooperation also shows the two countries’ commitment to continue innovating and adapting with the latest in tech and regulations at the international level.”
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