With this latest signature, Pakistan is now the fourth SAARC nation to assent to the Madrid Protocol, following India, Afghanistan and Bhutan.Īmong many objectives, the Association also aims to "accelerate economic growth, social progress and cultural development in the region" and "promote active collaboration and mutual assistance in the economic, social, cultural, technical and scientific fields" among the countries of South Asia. Despite political tensions between some members, treaties like the South Asia Free Trade Area (SAFTA) agreement have facilitated broader mutual benefit. The South Asian Association for Regional Cooperation (SAARC) was founded more than 35 years ago to stimulate the region's economic and cultural development, and comprises eight member states: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Organizations that do business in Pakistan - or are considering doing so - would do well to review the key facts regarding this major development and its implications.
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As such, Pakistan's domestic trademark holders will be able to conveniently register their marks across the 123 territories under the System's aegis when the Protocol enters into full effect on May 24, 2021. Pakistan is now the 108th member of the Madrid System, to the advantage of South Asia's IP sector and the wider economy.
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The decision of the Pakistani government to accede to the international trademark registration framework administered by the World Intellectual Property Organization (WIPO) could have a notable positive impact on Intellectual Property (IP) protection in South Asia and help galvanize trade in the region.įebruary 24, 2021, marked a pivotal occasion for the Islamic Republic of Pakistan when Khalil-ur-Rehman Hashmi, Ambassador and Permanent Representative of Pakistan to the United Nations, met with WIPO Director Daren Tang in Geneva to formally submit his country's instrument of accession to the Madrid Protocol.
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