Panama Promotes Patenting Unification for Central America and Dominican Republic

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PANAMA PROMOTES PATENTING UNIFICATION FOR CENTRAL AMERICA AND DOMINICAN REPUBLIC Experts representing the Intellectual Property Offices of Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and the Dominican Republic, held meetings from June 30 until July 2, 2015, in Panama, in order to seek the unification and harmonization of the parameters related to the evaluation of patent applications. The meetings also included the participation of representatives of the World Intellectual Property Organization, the Spanish Patent and Trademark Office, the Mexican Intellectual Property Office and the European Patent Office. The main purpose of this regional meeting was to update the Manual of Procedures and Patents - a document prepared in 2006 - that allows the use of standardized technical criteria in a regional level in order to strength the manual of examiners procedures of patent and create mechanisms for collaboration between countries for the sole purpose of consolidating efforts that allow the creation of a homogeneous culture in the use of the patent system. Currently, users of the patent system are subject to different opinions with the possibility for a country to grant a patent, while another denies it, due to the fact that the procedures, rules and times to register their patents in each country are different. Panamanian authorities consider that this is a relevant opportunity to promote economic development locally and regionally, which therefore allows the increase in the registration of patents unifying the different legislations, using standardized and accurate criteria of patentability. This will also allow using the system with more confidence, exchanging information, saving time and money, providing better protection for inventors and it might even avoid redundant monopolies. During recent regional meetings, the great acceptance of the Patent Cooperation Treaty (PCT) was highlighted as well as Panama’s appealingness as a forum for the protection of inventions. Should you need further information on this matter, please do not hesitate to contact us. ANALIZ NIETO Associate [email protected] ariaslaw.com .

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