Foreigners have more confidence in conducting business in Malaysia when 13,605 foreign trademark applications are received last year compared to 12,840 foreign trademark applications from the previous year.
MyIPO director, Kamel Mohamad said, the applications are mainly from first world countries such as USA, Japan and Europe.
"During the same period, 17,382 foreign trademarks are registered compared with 10,108 from the previous year."
"The uprising trend shows that many foreign firms have intention to invest or commercialize their product in our country, " he said when meeting Utusan Malaysia today.
According to him, 8,108 local trademark are registered compared with 5,651 from the previous year.
When asked about patent applications, Kamel said, ninety percent of applications received are from foreign countries. He mentioned that a lack of exposure among businessman, inventors and researchers contributed to this situation.
Translated from Utusan Malaysia, Feb 18.