Uruguay’s accession to the Patent Cooperation Treaty is now a reality. The Paraguayan Intellectual Property Office, DINAPI, has announced that, on October 7, the country will deposit its instrument of accession with WIPO, the final step to formalize its entry into the treaty. The agreement will enter into force three months later, on January 7, 2025.
After a long process of negotiations and approvals, Uruguay will become the 158th country to join the PCT, a treaty that simplifies and facilitates the process of international patent protection for users in member countries. Furthermore, Uruguay’s accession is expected to have a significant impact on the Southern Cone region.
Uruguay’s efforts to achieve this accession have been accompanied by various measures to support locally generated inventions, fostering investment, creating new business opportunities, and promoting greater integration of Uruguay into the global innovation ecosystem. Additionally, the treaty is essential for boosting biotechnology, a field in which Uruguay has a long-standing tradition and international recognition. Now, national researchers will have more opportunities to internationalize their innovations.
A few years ago, Uruguay sought to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which requires PCT membership. Therefore, this development is also expected to contribute to greater economic openness for Uruguay in the coming years.
To analyze this topic and discuss how Uruguay’s accession to the PCT will impact the region, ClarkeModet will hold a webinar with our experts on the subject. You can register and choose your preferred time from the three options below.
