Economy and Trade Minister Amin Salam announced that “Lebanon has been removed from the watch list related to the level of protection of intellectual property rights.”
“We are proud of this important progress. Lebanon is among four countries (Saudi Arabia, Kuwait and Romania) removed from the watch list related to the level of protection of intellectual property rights. It is an excellent first step to enhance confidence in Lebanon’s seriousness in developing and introducing systems and regulations that comply with international standards, especially the requirements of the World Trade Organization and the World Organization for Intellectual Property Rights,” Salam said in a statement on Saturday.
He added: “In light of the efforts to develop the protection of intellectual property rights in Lebanon and based on the serious guidance of the Ministry of Trade and Economy to ensure the maximum possible protection for intellectual property rights, and as a result of the efforts made by the Ministry in light of the difficult and exceptional circumstances that Lebanon is going through, the US government’s decision was issued to remove the name of Lebanon from the watch list related to the classification of countries according to the level of protection of their intellectual property rights.”
Salam referred to what was included in the statement of the US Foreign Trade Representative on this decision, which “confirmed Lebanon’s progress towards developing the protection of intellectual property rights. Over the past years, Lebanon has strengthened and implemented regulations, and the Ministry of Trade and Economy has undertaken many initiatives with international organizations, including an agreement Cooperation that the Minister is working on with the World Intellectual Property Organization (WIPO).”