The validation agreement between China’s State Intellectual Property Office (Sipo) and Cambodia will enter into force by the end of this month, helping protect Chinese invention patents in the kingdom.
“The agreement will take effect on March 28. It will help us attract more Chinese investors into the kingdom,” said Phe Chantravuth, director of the department of industrial property at the Ministry of Industry and Handicraft.
The agreement was signed in September between Sipo’s Commissioner Shen Changyu and Cambodian Minister of Industry and Handicrafts Cham Prasidh.
“Some Chinese investors do not want to invest in Cambodia because we don’t have laws to protect them. We are now working on regulation to fix this and attract new Chinese investors who will be bringing new ideas and products into Cambodia,” Mr Chantravuth said.
He pointed out that cooperation with Sipo is necessary because the kingdom currently lacks the human resources, skills and equipment needed to process foreign invention patents.
This will be the fourth patent agreement that Cambodia has signed with a foreign nation, following similar deals with the European Union, Singapore and Japan.
The fact that the agreement with China was signed directly between two nations means it has more legal value, said Mr Chantravuth, who added that it can be applied retroactively.
He said it will help Chinese applicants avoid lengthy examination procedures and reduce application costs, making the process of obtaining a patent faster and more convenient.