A recent study has called for the establishment of an independent institution focused on intellectual property ownership in Yemen. The proposed institution would be in charge of establishing an inclusive system for intellectual property ownership and would help to economical, social and cultural development in the country.
The study, put forward by Mahmoud Al-Naqeeb – the recipient of a partnership degree from the Higher Military Academy college – included a vision of establishing intellectual property rights with the hope that they would enhance the ownership experience in Yemen. According to the study, ownership will reach a good level of efficiency in 2022 and will contribute to local development throughout the nation.
The study stated that intellectual property rights would assist Yemen’s ability to meet international and regional standards.
The Minister of Industry and Trade Mr. Hisham Sharaf and accompanying delegation returned to Sana'a after participating in the meetings of the Economic and Social Council for the Arab States in 87 regular session, which concluded yesterday at the Arab League headquarters in Cairo.
In a statement to the Yemen News Agency (Saba), the minister said the effectiveness of Yemen's participation in the meetings of the Council will contribute to improving the effectiveness of decisions and recommendations of the Economic and Social Council and will propel forward the Arab economies, pointing out that the Board approved the convening of the next session in the month of September at the Arab League.
The volume of trade exchange between Yemen and the Arab states reached last year 947 billion and 560 million riyals, an increase of $ 111 billion and 433 million riyals than the year 2009 and with a growth of 3.13 % percent.
According to recent statistical data issued by the Central Statistical Organization that the value of Yemeni exports to Arab countries the last year amounted to 200 billion riyals and 718 million riyals, compared with 181 billion and 688 million riyals in 2009.
While the value of Yemen's imports from the Arab countries reached 746 billion and 842 million riyals, compared to 654 billion and 439 million riyals during the same period.