Togo: Intellectual Property Crucial for Businesses, Minister of Trade Says

Economic governance
Thursday, 14 September 2023 16:21
Togo: Intellectual Property Crucial for Businesses, Minister of Trade Says

(Togo First) - Togolese companies should integrate intellectual property into their business strategy. This, according to the Minister of Trade, Rose Kayi Mivedor-Sambiani, would make them more competitive, at the continental level. The official made the statement on the sidelines of the 24th African Day for Intellectual Property, on September 13.

"Intellectual property is a crucial issue for businesses," said the minister. Indeed, intellectual property enables companies, especially, to protect their creations, such as inventions, trademarks, industrial designs, and models, to deal with unfair competition, to participate in technology transfer negotiations, and to defend against any unauthorized use.

The Trade Minister underscored the importance of intellectual property for businesses in relation to the upcoming launch of the African Free Trade Continental Area (AfCFTA) which “requires strong competition”.

Alongside the Intellectual Property Day, Lomé is hosting this week the 4th edition of the OAPI Brand Awards, from September 13 to 15. This biennial event of the African Intellectual Property Organization (OAPI) rewards the dynamism of companies (SMEs/SMIs) from member states while raising awareness among economic players of the importance of protecting and exploiting the OAPI brand.

Ayi Renaud Dossavi

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