According to Cambodian Minister of Commerce and Chairman of the National Commission for Intellectual Property (NCIPR) Pan Sorasak, this year, the NCIPR completed the important draft IP policy for 2023-2028 and submitted it to the Council of Ministers.

At a recent meeting he chaired, he reviewed the committee's achievements in 2022 and laid out plans for the following year. He noted that the proposal aims to transform Cambodia's IP system into a driver of diversified growth.

"Our goal is to promote the development of the economic, commercial, industrial, cultural, tourism and agricultural sectors," Pansouza said. He explained that the policy calls for strengthening intellectual property protection in Cambodia, enhancing the reputation of Cambodian businesses and goods, and encouraging innovation.

In addition, the initiative aims to encourage the use of intellectual property to promote research progress and technological product creation, and revitalize creative industries. This will support the development of the digital economy and society, promote Industry 4.0 and help Cambodia achieve its vision 2050.

Pansouza also praised the efforts of NCIPR members and the Secretariat, which have resulted in significant achievements. He said the NCIPR was critical to the successful finalisation and implementation of the Regional Comprehensive Economic Partnership (RCEP) last year.

He added that following ministerial negotiations, Cambodia and the United Arab Emirates signed the Comprehensive Economic Partnership Agreement (CEPA) on June 8 this year.

Pansouza urged participants to make suggestions on the draft, noting that it will serve as a basis for enforcing intellectual property rights, safeguarding the interests of copyright owners and consumers, and combating counterfeit goods.

"This is to eliminate unfair business practices, promote respect for intellectual property rights, enhance consumer confidence, promote fair trade and attract investment," he said. (Compiled from www.asiaiplaw.com)