Wednesday, May 23, 2012

Malaysia Australia FTA

Malaysia inked free trade agreement with Australia, which will come to effect from 1 Jan 2013. Intellectual property is one of the subject matter of the free trade agreement.

In the agreement, each party shall ratify as soon as practicable, the following agreements: WIPO Copyright Treaty, WIPO Performances and Phonograms Treaty, Madrid Protocol and Singapore Treaty on Trademarks. The former two treaties define specific rights of authors and performers, while the latter provides a simple and harmonized international trademark registration system. Protection of non-traditional trademarks shall also be implemented. Harmonisation according to international industrial property system are encouraged to be implemented, to reduce complexity and cost to users.

Both parties also agreed that patent and trademark databases will be made available on the internet. Protected geographical indications shall also be published.

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