Taiwan and Israel yesterday signed two memorandums of understanding (MOUs) to strengthen cooperation on intellectual property and speed up patent reviews during a bilateral economic and technological discussion held via videoconference.
The agreements aim to streamline patent examination procedures and enhance intellectual property protection between the two sides, the International Trade Administration under the Ministry of Economic Affairs (MOEA) said in a news release.
According to the Taiwan Intellectual Property Office (TIPO), the patent prosecution highway (PPH) agreement with Israel will allow an applicant to request accelerated examination of a patent application in one country after a corresponding application has been approved in the other.
Photo courtesy of the Taiwan Intellectual Property Office
The program will take effect on Jan. 2 next year, TIPO said, adding that Israel is the eighth country — after the US, Japan, Spain, South Korea, Poland, Canada and France — to establish such a framework with Taiwan.
TIPO said Taiwan and Israel also signed a separate MOU on intellectual property cooperation, which focuses on information sharing, professional exchanges, and efforts to raise public awareness of intellectual property.
The MOUs were signed remotely by Taiwan's Representative to Israel Abby Lee (李雅萍) and Israeli Representative to Taiwan Maya Yaron.
During the event, Deputy Minister of Economic Affairs Cynthia Kiang (江文若) said countries worldwide are reassessing how to build secure, resilient and comprehensive supply chains amid fast-changing global economic and trade conditions.
Kiang noted that Israel has a high concentration of start-ups and attracts multinational companies to establish R&D centers, while Taiwan is home to some of the world's most advanced manufacturing technologies. Their complementary strengths could help deepen supply chain cooperation in emerging technology sectors, she said.
Israel is Taiwan's 28th-largest trading partner, with bilateral trade between the two countries reaching US$2.72 billion in the first 10 months of this year, up 38 percent from the same period last year, MOEA data showed.
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