Peru: speeding up and cooperating

From October 5 to October 14, 2015 took place the Assemblies of the Member States of WIPO: Fifty-Fifth Series of Meetings (Geneva, Switzerland).

At the meeting the Peruvian National Institute for the Defence of Competition and Protection of Intellectual Property (Indecopi) signed three international cooperation agreements on intellectual property with European institutions in order to promote and increase the use of industrial property system and the protection of it.

The Agreements

1. - Memorandum of Understanding with the Spanish Patent and Trademark Office (SPTO) to establish an accelerated patent procedure i.e. Patent Prosecution Highway (PPH).

Indecopi reports that this agreement is important since it will “increase efficiency in the process of patent applications, thus advancing towards a further reduction in processing time for them.” Currently the procedure is done in 36 months. Moreover, there exist the “possibility that the Peruvian inventors obtain a faster and exclusivity protection of their inventions in Spain” and giving an opportunity to enter their products to the rest of the European market.

2.- An institutional Cooperation Agreement signed with the National Institute of Industrial Property of France (INPI), in order to create mechanisms of collaboration and support for Peru on intellectual property.

3.- Memorandum of Understanding with the Office for Harmonization in the Internal Market (OHIM) of the European Union was signed, to join efforts and achieve greater efficiency in the protection of rights under trade marks and design rights.

Source Indecopi.