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The Department of Economic Development in Dubai has announced the launch of a quarterly indicator of the level of intellectual property rights, or IPR, protection in the emirate.
The ?Dubai Index of Intellectual Property?, a first of its kind in the region, is aimed to promote sustainable business practices as well as overall market confidence and trust between the public and private sectors.
The Commercial Compliance and Consumer Protection, or CCCP, sector in the DED has initiated the index as part of its efforts to improve the IPR environment, promote innovation and protect the economic interests of dealers, suppliers and patent owners.
The index will also serve as an accurate reading on the level of satisfaction with policies, practices, laws and regulations related to IPR protection. The index will be published every three months, starting with the first quarter of 2015.
?The Dubai Index of Intellectual Property will encourage innovation and growth, while protecting the legitimate interests of the traders and patent owners, thus promoting sustainable economic growth and greater competitiveness in Dubai?s retail sector.?