Vientiane Residents Show Interest in IP Fair 2017 | Lao Tribune

Vientiane Residents Show Interest in IP Fair 2017

Vientiane residents have showed their interest in the Intellectual Property (IP) Fair 2017, which was held in Vientiane Capital last Friday.

The opening ceremony of the IP Fair 2017 was held at Lao ITECC in Vientiane Capital on April 21 in the presence of Deputy Prime Minister Mr Sonexay Siphandone and Deputy Minister of Science and Technology of Vietnam, Mr Tran Viet Thang,

This year’s fair is held under the campaign “Enhancing Intellectual Property for Sustainable Socio-Economic Development which was sponsored by the Lao government.

The IP Fair 2017 is a trade fair showcasing the intellectual property within Lao PDR for the third time, which marks an important opportunity for innovators and businesses to meet, exchange, present, purchase, and sell their intellectual property and traditional knowledge passed on from generation to generation, according to Deputy Minister of Science and Technology, Mr Houmphanh Inthirath.

Minister of Science and Technology, Mr Boviengkham Vongdara, said that the IP Fair is to help promote the dissemination of information on intellectual property and raise public awareness on the importance of intellectual property to sustainable socio-economic development and culture.

Minister Boviengkham went on to say, The fair will also provide opportunities for government and private sectors, along with both international and local inventors and entrepreneurs to meet, exchange, trade and introduce their new intellectual property works.

The fair will also raise awareness of the importance and role of intellectual property among scientists, inventors and students, especially in terms of trademark, copyright, industrial design rights and patents.

The Lao community, especially researchers, scientists, inventors, creators, and students, received information with regards to the implementation and protection of intellectual properties such as patents, petty patents, industrial design trademarks, Geographical Indication (GI), new plant varieties, copyright and related rights and traditional knowledge on how they can contribute to the socio-economic development of the country.

The fair also demonstrated the respect of rights and protection of the benefits of researchers, inventors and creators to further develop innovations for humankind.

Additionally, the IP Fair 2017 commemorates World Intellectual Property Day on April 26, which marks its 17th anniversary this year. The World Intellectual Property Association has created the campaign: “Innovation – Improving Lives” to show the role and importance of intellectual property in developing innovations and creativities, which surveys show make lives better, healthier, safer and more convenient.

Innovation are an important tool in managing changes in the Innovative World Economy Era that leads to new businesses that add value and contribute to the faster socio-economic development of a country.

Geographical Indication is a sign used to indicate a good as originating in the territory of a country or region or locality. The Lao PDR has not yet registered for Geographical Indication protection; however, the trend at the international and regional levels is to proactively develop this, especially within ASEAN, where more than 200 products have been registered for GI protection.

Distinctive products that have their geographical origin in Lao PDR include Bolaven Plateau coffee, Khao Kainoy from Xiengkhouang and Houaphan provinces, tea from Phongsaly province and Paksong district, and silk from Luang Prabang and Houaphan province.

During the opening ceremony, the Ministry of Science and Technology organised a ceremony for receiving the Geographical Indications of “Kainoy rice from the Khaokainoy promotion Association of Xieng Khouang and Huaphan provinces, and a ceremony for receiving the application of the International Registration of Trade Marks through the Madrid Protocol from Phakaned Handicraft, Phaengmai Gallery, and Champa Agriculture Co., Ltd. Another ceremony was held to hand over Patent Certificates issued under the Cooperation Framework to facilitate the issuance of Patent for applicants in Lao PDR between the Department of Intellectual Property and the Japan Patent Office.

Source: Lao News Agency