AMMAN – Mr Nader Qumsieh, founder and chairman of NJQ & ASSOCIATES, chaired an extraordinary seminar on “Defining & Activating Intellectual Property Laws and its Important Effect,” which was held on 18 January 2020, at the Amman Chamber of Industry (ACI) in cooperation with the Jordan Association for the Protection of Intellectual Property (JAPIP) and the Ministry of Industry, Trade and Supplies, the Intellectual Property Division.
This came during the opening of a symposium to introduce intellectual property (IP) rights and their importance in protecting the national industry and their role in developing and increasing its exports.
During the meeting, Mr Qumsieh welcomed the Board members of the Chamber and the attendees, then introduced JAPIP and its goals and then provided a detailed explanation about the different elements of IP and how it can affect the economy and businesses.
He pointed out that the national industrial sector suffers from the presence of some low-quality counterfeit products in the local markets, which are marketed as the original. This negatively affects the domestic industry, posing serious risks to the health and safety of consumers, as most of these counterfeit goods are concentrated in the pharmaceutical, food, and chemical industries.
Additionally, Mr Qumsieh said, “The wealth of peoples is measured by the value of their inventions, innovations, and scientific production, and not by the country’s wealth buried in the ground”.
At the end of the meeting, an extensive discussion took place with the attendees, during which Mr Qumsieh answered questions from the audience about IP and the mechanisms for protecting their trademarks.
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