Morocco and Israel signed their first memorandum of understanding (MoU) on intellectual property to boost bilateral cooperation, innovation and strengthen entrepreneurial relations between both countries.
The MoU means to provide proper mechanisms for promoting cooperation in the field of protecting industrial property.
It aims to develop knowledge exchange and information sharing between the two national intellectual property offices, and provide assistance to small and medium-sized enterprises.
Abdelaziz Babqiqi, general director of the Moroccan office of industrial and commercial property (OMPIC) signed the agreement, along with Israeli executive director of the middle eastern country’s patent office, Ofir Alon.
Daren Tang, Director-General of the World Intellectual Property Organization in Geneva (WIPO) was present at the signing ceremony, alongside the two countries’ ambassadors in Geneva, Omar Zniber and Meirav Eilon.
Tang’s role in this signing is to ensure that the two parties fulfill their contractual obligations, and that the agreement carries out in good conditions.
“This MoU demonstrates our willingness to develop a partnership in innovation, creativity, and high technology,” said Omar Zniber, quoted in Atalayar.
The agreement will naturally lead both Morocco and Israel to advance the state of their diplomatic relationship, according to Israel’s ambassador Eilon, who considers it “a symptom that things have changed and now everyone lives in harmony and peace.”
The memorandum shall be renewed automatically after five years. The agreement coincides with the latest meeting of the World Intellectual Property Organization.
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