Myanmar has taken its first real steps towards establishing a concrete system of protecting intellectual property rights (IPR). The country’s trade mark Law is now being drafted and reviewed, and is due to take effect during the first quarter of 2014. The Myanmar Intellectual Property Office will also be set up and will soon be able to accept and register applications for trade mark registration. Looking ahead, regional ASEAN IPR SME Helpdesk Expert Darani Vachanavuttivong suggests that these developments will assure foreign investors in the country that their brands will now receive trade mark protection in line with international standards. To read more about Darani’s commentary on Myanmar’s emerging IP regime and practical information about the registration process, click here.
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Political and civil unrest have kept this country in almost complete isolation for decades but with the success of the National League for Democracy in by-elections held in 2012, Myanmar is gradually opening its market to the outside world. We’re going to describe the considerations for doing business in Myanmar in a mini-series of posts starting with part 1 today: The economic situation and challenges & opportunities for European businesses.