KUALA LUMPUR: Intellectual Property Corp Of Malaysia (MyIPO) is in the midst of amending the intellectual property law in an effort to strengthen the country's intellectual property legal infrastructure in line with international standards. Its director-general Datuk Azizan Mohamad Sidin said as the administrator of the intellectual property legislations in Malaysia, MyIPO was in the midst of amending the Patents Act, Trade Marks Act and Industrial Design Act. He, however, did not specify any time frame.
MyIPO is an agency under the Ministry of Domestic Trade and Consumer Affairs. The amended Copyrights Act would be tabled during the next Parliament session in March, he said.
By amending the laws, the delivery system would improve and become more efficient and this is also in line with international standards and treaties.
“We have also amended the Patents Regulations and Trade Marks Regulations which were enforced on Feb 15 to improve the procedures and shorten the pendency period for the registration of patent and trademark,” he said during a seminar entitled Better Intellectual Properties, Better Economies yesterday.
According to Azizan, the duration for the process of application of patents had been shortened from 39 months as of last year to 26 months effective Feb 15. But for those applying on a fast-track basis where there is a clear-cut case without any form of opposition, it would take 20 months.
For trademark, the duration has been shortened to between nine months and 12 months, and six months and three weeks for the fast track. There were more than 14,000 applications for local trademarks and above 15,000 applications for foreign trademarks last year.
For patents, foreign applications stood at more than 5,000 compared with over 1,200 for local ones. To further boost the awareness of the importance of intellectual property, he said, MyIPO would soon be embarking on an awareness programme at all levels, right from the small and medium enterprises (SMEs) to companies and at tertiary level.
Azizan said by registering patents and trademarks, it could help SMEs and other companies to be more innovative and creative to enhance their businesses, adding that the move would also protect their businesses from infringement if they were to go global.
Meanwhile, Intellectual Property Alumni Association Malaysia (IPAAM) Goh Nge Seung said economies could grow when innovative ideas were implemented in the knowledge transformation process which dealt with the production, distribution and use of such knowledge.
In the past, he added, many economies had suffered from a poor recognition and implementation of intellectual properties.
However, in the near future, economies could become better when improvement and innovation in intellectual properties prevailed, resulting in the better usage of intellectual properties, Goh noted.
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