Singapore inks intellectual property deal with Brazil

Framework takes effect in 5 years.

The Intellectual Property Office of Singapore and Instituto Nacional Da Propriedade Industrial have signed a Memorandum of Understanding that provides an umbrella framework for collaboration between the two countries to strengthen intellectual property cooperation in the coming 5 years.

Under the agreement, parties will explore activities that encourage exchange of information, best practices, and knowledge on various IP-related issues. When implemented, businesses of both countries can benefit from expedited patent registration, and greater sharing of IP business best practices for Small and Medium Enterprises through joint participation of IP conferences and events.

Mr Jorge Avila, President of INPI said,"This agreement underscores the importance of building collaborative links between Brazil and Singapore, as well as the new ways both regions are looking at to help citizens and businesses protect their intellectual property."

BG Tan Yih San, IPOS' Chief Executive said,"The signing of this MOU marks a new beginning in the bilateral relationship between the two IP offices. When implemented, it will deliver faster and more efficient IP services to the business communities of both countries. Singapore business owners will benefit from the network of South American markets, and have more direct access to business opportunities in Brazil."

The implementation of the activities under the MOU builds on prior efforts undertaken by Singapore to engage our Latin American counterparts, and is envisaged to be part of the broader efforts to create potential trade opportunities and extend business reach of our markets.