IPO-Pakistan Signed an MoU for Data Sharing and Further Cooperation with FBR
Tuesday, October 27, 2015
Intellectual Property Organization of Pakistan (IPO-Pakistan) has signed a Memorandum of Understanding (MoU) with Federal Board of Revenue (FBR) for data sharing and further cooperation. The signing ceremony was held on Tuesday, October 27, 2015 at IPO-Pakistan HQs, Islamabad.
IPO-Pakistan is the focal body of Federal Government for registration and protection of IP rights i.e. Copyrights, Trademarks, Patents and Industrial Designs. FBR through its enforcement arm Pakistan Customs is responsible for border measures including eradication of piracy and counterfeiting through Pakistani borders. Both the organizations recognize the need for mutual cooperation and coordination to effectively carry out their respective statutory responsibilities, and maintain the highest level of oversight in IPR enforcement, in line with the Government of Pakistan’s policy of trade facilitation and the imperatives of compliance with international treaties to which Pakistan is a party. Accordingly, IPO-Pakistan and FBR entered into this MoU for data sharing and further cooperation, as required in the areas of common regulatory and supervisory interests, and in furtherance of their operational objectives.
The MoU is signed by Director General IPO-Pakistan Engr. Aamir Hasan and Director General IPR Enforcement FBR, Mr. Imtiaz Ahmad Khan.
Addressing the signing ceremony Chairman IPO-Pakistan, Mr. Shahid Rashid said that IPO-Pakistan has close collaboration with IPR Enforcement agencies including FBR to effectively address issues of piracy and counterfeiting in the country. Signing of this MoU with FBR is a milestone towards relentless enforcement drive at our borders. IPO-Pakistan is working to make such type of arrangements with other enforcement agencies for development of genuine businesses in the country.
Mr. Tariq Bajwa, Chairman FBR, addressing at the occasion said that FBR is committed for effective border measures. Pakistan Customs is the guardian of Pakistan''s borders against movement of contra band goods and is a facilitator of bona fide trade. It provides a major source of revenue to the Government of Pakistan in the form of taxes levied on the goods traded across the borders. It also helps to protect the domestic industry and movement of genuine goods through borders. Customs and Regulatory duties amount up to 15% of the total receipts collected by the Federal Board of Revenue. I am pleased for this arrangement with IPO-Pakistan regarding recordation of IPR data. It will help not only to detect original and fake consignments but also provide an opportunity to genuine exporters and importers to register with FBR for protection of their businesses.