The Ministry of Finance has released for public consultation its strategy on intellectual property and rights that creators have over their works.
The ministry’s objective is to administer and protect rights that have a powerful effect on the well-functioning of the economy and strengthening rules for fair competition.
The document sets out a draft for the legal reform set to take place next year in the sector of industrial property and the adoption of several organic laws for industrial property subjects, patents, trade brands, utilization models, and industrial designs.
By 2023, the aim is to adhere to the “Singapore Law of Trademark Law”.
The package is expected to cost 600 million Albanian Lek (around €4,9 million).
Out of the total sum, 330 million ALL are aimed at raising public awareness through informative campaigns on intellectual property rights, while the rest are expenditures for the development and strengthening of institutions involved in their implementation.
Intellectual property rights are among the most controversial topics that Albania has seen in the last 30 years, with plenty of violations as well as fines issued by international bodies for severe breaches.
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