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(From left Percival Marie, director general of CARIFORUM; Ignacio de Medrano, head of the International Relations Unit, EUIPO; and Alexandra Mayr, CarIPI programme manager, EUIPO. (Photo: CARICOM Today)

EU, CARIFORUM to strengthen region’s intellectual property framework

(From left Percival Marie, director general of CARIFORUM; Ignacio de Medrano, head of the International Relations Unit, EUIPO; and Alexandra Mayr, CarIPI programme manager, EUIPO. (Photo: CARICOM Today)

Officials from the Intellectual Properties Office of CARIFORUM States and the CARIFORUM Directorate recently met with representatives of the European Commission and the European Union (EU) Intellectual Property Office (EUIPO) to finalise terms of their cooperation on intellectual property over the next few years.

Held in Bridgetown, Barbados, on January 27, the meeting resulted in the adoption of plans set out in a new EU-CARIFORUM region project intellectual property, CarIPI.

Ambassador Daniela Tramacere (Photo: Caribbean Export Development Agency)

Funded by the European Development Fund to the tune of €3.28 million, through the Caribbean Regional Indicative Programme, CarIPI will last for four years, implemented by the EUIPO. As part of the Economic Partnership Agreement, project will further deepen relations between the European Union and CARIFORUM states.

According to EU Delegation Ambassador to Barbados, Organisation of Eastern Caribbean States, CARICOM/CARIFORUM Daniela Tramacere, “The project will lead to innovation and competitiveness in the regional private and public sectors, and help the region take full advantage of the Economic Partnership Agreement with the EU.”

Benefits of CarIPI

The project will support CARIFORUM states in identifying niche markets and distinctive capabilities within the highly integrated and competitive global economy. The creation of “an enabling intellectual property rights framework” will, therefore, enhance the region’s capacity to develop and market its intangible assets.

As such, Director General of the CARIFORUM Directorate Percival Marie believes the benefits of the project will “accrue to CARIFORUM states” and contributes to realising the benefits of the EPA.

Further, the project will strengthen the intellectual property rights environment in CARIFORUM and, as a result, facilitate trade and investment while stimulating innovation and competitiveness of the region’s private sector.

“The EUIPO looks forward to contributing through this new project and in line with our strategic plan 2025, to a stronger IP system, efficient enforcement and better understanding of IP rights in a global and increasingly digital environment”, EUIPO Executive Director Christian Archambeau stated.