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Iraq Accedes to the Patent Cooperation Treaty (PCT)

As one of the world's most oil-rich countries, the significance of Iraq's accession to the PCT will be most relevant to the energy and resources sectors. However, businesses in other sectors, which habitually protect their innovations in all/most available jurisdictions, such as the pharmaceutical industry, will also welcome the potential to secure Iraqi patent protection more efficiently.

Membership of the PCT will also give Iraqi innovators access to the world's most effective patent application procedure, with the opportunity to secure rights in 155 countries with a single application.

Accession to the Patent Cooperation Treaty will make the patent system in Iraq more efficient and the procedures will be less costly for applicants seeking international patent protection, pointing out its great importance to motivate Iraqi inventors to contribute more to the industrial and technological progress and protection of their intellectual property.

Tags

energy & environment, patents
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