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>[04.oct.05] Trademarks - LDCs to Benefit from Reduced International Trademark Registration Fees

Source: WIPO
Member states of the World Intellectual Property Organization (WIPO) attending the annual WIPO Assemblies approved a proposal to reduce the costs for applicants from Least Developed Countries (LDCs) to file applications for international trademark protection, making the fee ten percent of that normally charged.

According to a Monday press release by WIPO, the Special Union for the International Registration of Marks (Madrid Union) decided on the fee reduction to promote greater use of the international trademark system by LDCs. At present, seven LDCs are party to the Madrid System, namely, Bhutan, Lesotho, Liberia, Mozambique, Sierra Leone, Sudan and Zambia. The Madrid system for the international registration of trademarks enables trademark owners to obtain and maintain trademark protection internationally more easily and cost-effectively.

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