Thailand rises to 9th place with the pettiest patent owners in the world. Minister of Commerce says online dispute resolution one of the keys for success
21 September 2021, Mr. Jurin Laksanawisit Deputy Prime Minister and Minister of Commerce Revealed on behalf of the Government of Thailand through a keynote speech at the launch of the Global Innovation Index (GII 2021) of the World Intellectual Property Organization (WIPO) This year, Thailand has achieved in various fields, like being ranked 43rd out of 132 developed countries. and be ranked 9th in the country that owns the pettiest patents.
The ranking that increases shows the indication of success in the productivity of knowledge, talents as well as innovation in technologies of creativities. Moreover, intellectual property is a measure of innovation capability too. Thailand mainly focuses on the use of intellectual property as an important strategy for driving the economy and developing to get past middle-income trap countries by promoting, creating, and protecting enforce rights for innovators or entrepreneurs in all sizes of business as well as creations from local wisdom as well.
The policy of stable and sustainable development under the implementation of the Ministry of Commerce has given great importance to intellectual property. and has promoted the development of intellectual property service systems in 7 important areas as follows:
1. Accelerating the registration of GI products for all 77 provinces.
2. Apply the online registration system (e-Filing) to all services.
3. Issue of invention patents and petty patents in electronic format (e-Certificate)
4. “Fast Track” trademark registration from 12 months to 6 months
5. Reduce the period for renewal of trademarks from 60 days to 60 minutes.
6. Reduce copyright registration from 30 days to only 3 days.
7. Provide notification service for information about patents that nearly expired. Thai Medical Drug/Equipment Manufacturers can prepare to produce out-of-patent drugs in advance.
and 8. Online Dispute Resolution (ODR), which is to resolve problems or conflicts through online systems with complete facilities like: appointment system, attachment of documents, evidence that supports all electronic devices, etc.
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Thailand Arbitration Center (THAC) has signed an MoU with the Department of Intellectual property and aims to develop an online dispute resolution (ODR) system. The institute has an online dispute resolution system that supports potential disputes, including:
1. “Talk DD” System where disputing parties can initiate legal proceedings and can end via online system that is easy to use, convenient to end disputes in all cases, whether negotiating conciliation or arbitration
2. “AMO 247” System in case of arbitration is suitable for complex disputes such as the starting a case, answering an objection, etc. to be easy. through electronic document submission the disputed parties no need to come to the THAC.
The report from GII 2021 also states Thailand’s higher innovation capacity due to innovation development policy and systems that provide information and online consultation as a result, Thailand has been successful in this arena. and is likely to continue to develop
For further information, please contact THAC!