Minister Shala: Intellectual Property Has Special Economic Importance for Business

The minister stressed that intellectual ownership has a particular economic significance for business, estimated that 70-80% of company assets in countries with knowledge-based economies consists of non-phisic wealth or intellectual capital.

The Ministry of Trade and Industry, through the Agency for Industrial Property and Market Inspectorate, is in excellent co-operation with all Kosovo intellectual property institutions. I consider that we have jointly completed the primary and secondary legal infrastructure to ensure the most efficient protection of intellectual property rights; to establish and continue with regular meetings of the State Council for Intellectual Property; Task Against Piracy Task Force, and we now engage more in informing our citizens of the importance of these rights so that citizens and the business community are more aware of the importance of protecting industrial-owned products”, Shala stressed.

Shala said the Industrial Property Agency over the past year has done an excellent job in considering applications and organising promotional activities.

“These activities are translated with increased revenues and applications for commercial brands, compared to the previous year. Local owners' applications have increased by 40% and their growth comes from the promotional activity performed by the Agency, for business and public awareness of the importance of protecting their industrial-owned products”, he said.

The minister announced that MTI is committed to providing a healthy environment for our consumers.

And not only that, we want to make sure that through the protection of intellectual property we encourage new technological developments, promote innovation and innovation, and protect the reputation of domestic and international companies”, said Minister Shala.