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Australian business big winners under international trade marks system.



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AUSTRALIAN BUSINESS BIG WINNERS UNDER INTERNATIONAL TRADE MARKS SYSTEM

Parliamentary Secretary to the Minister for Industry, Science and Resources, the Hon Warren Entsch MP announced that from today Australian businesses can protect their trade marks internationally using the Madrid Protocol; a treaty that makes it easier an 11 July 2001

11 July 2001            01/318

AUSTRALIAN BUSINESS BIG WINNERS UNDER INTERNATIONAL TRADE MARKS SYSTEM

Parliamentary Secretary to the Minister for Industry, Science and Resources, the Hon Warren Entsch MP announced that from today Australian businesses can protect their trade marks internationally using the Madrid Protocol; a treaty that makes it easier and cheaper to protect trade marks in some of our key export markets.

Mr Entsch said that Australian exporters would be the winners under the Madrid Protocol system for protecting trade marks internationally. Tangible benefits, including easy application processes, reduced application costs and the ability to file one application in English, are now available to Australian business through the Protocol.

"One of the key benefits for Australian business is that only one application is necessary to protect trade marks in any or all of the other 50 members of the Protocol, making it far less complicated than the present system where you need to apply in each country individually," Mr Entsch said.

"Some of Australia's key trading partners such as the United Kingdom, Japan, China, Singapore and European Union Countries are members of the Protocol.  Australian businesses exporting to these markets will now find it much easier to protect their valuable trade marks overseas," Mr Entsch said.

Applications for international trade mark protection under the Madrid Protocol will be received by IP Australia, the federal agency which administers Australia's patents, trade marks and designs systems.

"Being able to apply for international trade mark protection through IP Australia, in English, will help to reduce the costs of international trade mark protection," Mr Entsch said." In some cases, application costs alone could be reduced by as much as 40 or 50 per cent."

Another significant improvement over the current system is that the process of maintaining international trade marks will be easier under the Madrid Protocol. Australian trade mark owners will now be able to make ownership and other changes to their registrations and pay renewal fees with a single action, rather than having to make these changes directly through each country in which they have a registered trade mark.

Mr Entsch said that Australia's adoption of the Madrid Protocol was another example of the Government's commitment to stimulating innovation in Australia under the Backing Australia's Ability program.

IP Australia has produced a brochure Registering International Trade Marks - The Madrid Protocol in Brief which provides additional information about applying under the Madrid Protocol.

To find out more about applying for international trade marks under the Madrid Protocol, please visit IP Australia's website at www.ipaustralia.gov.au, or call (02) 6283 2999.

Contacts:  Greg Doolan, Mr Entsch's Office: 02 6277 4656 or 0418 213 243

Peter Tucker, Registrar of Trade Marks, IP Australia: 02 6283 2102 or 0404 822 616

CMR379-01

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