Venezuela will amend its Intellectual Property Law

The Autonomous Service for Intellectual Property (SAPI) is preparing to amend the Intellectual Property Law, said José Villalba, the president of the Venezuelan agency.

Villalba told state-run news agency AVN that SAPI will publish three proposals from different sectors in order to inform people and to discuss the draft projects. "We have agreed to amend the Intellectual Property Law, but we believe in the concept of people acting as lawmaker. This law can not be the result of secret discussions of one or another political group. For instance, was the law proposed by (former minister) Eduardo Samán the result of a discussion?"

Villalba recalled that the current law was passed in 1955, and was not abrogated.

The official said that Venezuela and member countries of the Bolivarian Alliance for the Peoples of Our America- ALBA (Bolivia, Commonwealth of Dominica, Cuba, Ecuador, Nicaragua, Saint Vincent and the Grenadines, Antigua and Barbuda,) are subject to treaties signed with the World Trade Organization (WTO), which regulates oil marketing aspects, among other issues.

Source: www.eluniversal.com