On February 24, 2021, the WIPO published the announcement of the accession of Pakistan (Islamic Republic of Pakistan) to the Madrid Protocol. This Asian country is the 124th member of the Madrid System. It has joined, obviously, through the Madrid Protocol and is expected to enter into force on May 24, 2021.
Strategically located on the Asian continent between India, Tajikistan, Afghanistan, China, Iran, the Indian Ocean, the Arabian Sea and the Gulf of Oman, it is a country that has historically played a key role in world trade and has one of the most diverse and multicultural demographics in the world. Despite its political and economic instability, it has grown considerably in recent years to become one of Asia’s leading economies.
Foreign investment, at least up until the Covid-19 era, was key to Pakistan’s economic development, and it is certain that its accession to the Madrid System will greatly contribute to simplifying the procedures for protecting the trademark rights of foreign companies and economic operators in Pakistan, once the global economic flow stabilises.
Author: Cristina Arroyo
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