Lebanese Economy and Trade Minister Amin Salam announced on Saturday that “Lebanon has been removed from the watch list regarding the level of protection of intellectual property rights”.
“We are proud of this important advance. Lebanon is one of four countries (Saudi Arabia, Kuwait and Romania) removed from the watch list in terms of the level of protection of intellectual property rights. This is an excellent first step in building confidence in Lebanon‘s seriousness in developing and implementing systems and regulations that conform to international standards, particularly the requirements of the World Trade Organization and the World Intellectual Property Organization,” Salam said today in a statement.
He added: “Given the efforts to develop the protection of intellectual property rights in Lebanon and based on the sincere guidance of the Ministry of Commerce and Economy to ensure the maximum protection of intellectual property rights, and as a result of the Efforts Given the difficult and extraordinary circumstances that Lebanon is going through, the US Government’s decision to remove Lebanon’s name from the watch list, which relates to the classification of countries according to the level of protection of their intellectual property rights, was issued by the Department. “
Salam referred to what was contained in the US Secretary of State’s statement on the decision, which “confirmed Lebanon’s progress in developing intellectual property rights protection. In recent years, Lebanon has strengthened and implemented regulations and the Ministry of Commerce, and business has taken many initiatives with international organizations, including a cooperation agreement that the minister is working on with the World Intellectual Property Organization (WIPO).”