Business

IP vital to fiscal growth – WIPO

ESTHER MSETEKA, Lusaka
THE World Intellectual Property Organisation (WIPO) is hopeful that the findings of the national intellectual property policy (NIPP) baseline survey will help spur innovation and economic development in the country.

WIPO senior counsellor regional bureau for Africa Loretta Asiedu said a revised and updated NIPP will enable Zambia to strengthen its intellectual property (IP) system in areas where it is weak such as institutional capacity and legal framework, among others.
Speaking during the NIPP stakeholders’ validation workshop, baseline survey and mid-term review reports yesterday, Mrs Asiedu said Zambia is among the few countries in Africa that have adopted and implemented the NIPP with visible results.
“One of the keys to unlocking the wealth of nations and driving development potential lies in utilising the resources of a country in a way that leverages its assets in a highly competitive global economy,” she said.
Meanwhile, Patents and Companies Registration Agency chief executive officer Anthony Bwembya said the main purpose of the workshop is to validate the various reports that have been generated by the national IP committee and the WIPO consultants.
And officiating at the workshop, Ministry of Commerce, Trade and Industry acting permanent secretary Passy Mando said IP rights play a critical role in promoting development in any country.
“Development of nations is gradually becoming dependent on creation of the human mind, and the application of such knowledge and ideas as intellectual capital in various areas of development has significantly contributed to the creation of wealth in these countries,” Ms Mando said.

 

Facebook Feed

ePaper App

Follow Us on Twitter