‘Intellectual property rights important’

MINISTER of Commerce, Trade and Industry Margaret Mwanakatwe says intellectual property rights are important in the development of micro, small and medium-scale businesses and creation of employment.
Ms Mwanakatwe said this in Lusaka yesterday when she opened the 39th session of the Administrative Council of the African Regional Intellectual Property Organisation (ARIPO), which has attracted participants from 19 member states.
“Today, intellectual property has evolved into a strategic policy instrument for stimulating economic growth and securing sustainable development.
“Increasingly, economic trends indicate that a nation’s ability to generate wealth and protect its cultural heritage depends on its adoption and use of the intellectual property system,” she said.
Ms Mwanakatwe said the intellectual property protection system is important in promoting creativity and growth of any economy.
She said the development of intellectual property requires concerted efforts from all stakeholders.
Ms Mwanakatwe said it is important to nurture the innovative and creative potential to help improve the living standards of people and create wealth.
She urged players involved in the advancement of intellectual property, especially those that fund research, generate intellectual property assets and enforce intellectual property rights such as the courts of law, to effectively play their role in ensuring that Africa has an effective system.

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