Brazil has joined the WIPO-controlled worldwide trademark framework, adding a noteworthy world economy to the worldwide licensed innovation administration that helps brand proprietors secure and advance their imprints in 121 nations around the world.
WIPO has gotten Brazil’s promotion record to the Convention Identifying with the Madrid Understanding Concerning the Global Enlistment of Imprints. The report was marked by President Jair Bolsonaro. The Madrid Framework will go into power for Brazil three months after the store of the promotion instrument, on October 2, 2019.
“We are absolutely delighted that Brazil, one of the world’s largest economies, has acceded to the international trademark system,” said Mr. Gurry. “This benefits brand owners in Brazil and across the globe. I hope other countries in the region follow suit,” he included.
“The Ministry of Foreign Affairs of Brazil is proud to be depositing with WIPO the accession instrument to the Madrid Protocol. We are confident that the entry into force of this agreement will lower the costs of doing business in the country and allow Brazilian companies to benefit from a much simpler procedure to register trademarks worldwide. By joining this agreement, Brazil signals its commitment to modernizing its economy and to encouraging economic prosperity and innovation, in a market-economy environment.”
With Brazil’s participation, the Madrid Framework for the Worldwide Enrollment of Imprints will consider contracting parties every one of the world’s ten biggest economies – as determined by the Global Money related Store – and the greatest economy in Latin America and the Caribbean. Brazil is the fifth Madrid Framework part from that area.
Abroad brand proprietors will profit by more prominent accommodation and lower costs when securing their brands in Brazil through one recording by means of the Madrid Framework. Brazilian brand proprietors will almost certainly register stamps in 120 different nations utilizing one application.
“WIPO’s global IP services for trademarks, patents, industrial designs and other intellectual property rights represent concrete examples of successful international cooperation among WIPO Member States for their common benefit,” Mr. Gurry said. “I welcome Brazil’s continued commitment to international cooperation and the work of this Organization.”
About the Madrid Framework
Through the Madrid Framework, brand proprietors may record a solitary worldwide application to look for trademark security in different part nations. This streamlines the way toward acquiring and overseeing trademark enlistments, setting aside time and cash.
With an advancing suite of online administrations and assets, WIPO is devoted to conveying clients a client driven encounter for the duration of the existence cycle of their imprint.