The Nepal-USA Chamber of Commerce and Industry (NUSACCI) strongly urges the Government including the Ministry of Industry, Commerce and Supplies (MOICS), to implement its commitments made during the Trade and Investment Framework Agreement (TIFA) Council Meeting held last September.
At the meeting, the importance of effective intellectual property right (IPR) protection and enforcement was emphasised as a critical factor in attracting trade and investment, particularly in IP-intensive industries, according to the binational chamber.
Nepal’s initiatives in legal and institutional reforms related to IP, along with improvements in trademark administration and examination through the development of technical expertise, are essential to enhance consistency and reliability within Nepal’s IP Office, it adds.
NUSACCI has long been advocating for stronger IPR protection by organising various seminars and workshops on IPR-related issues and raising awareness within the business community regarding the use and misuse of international and domestic company trademarks and labels, it claimed, adding that the improper use of trademarks and counterfeit labels not only damages Nepal’s image domestically but also undermines its reputation internationally, thereby deterring potential foreign investment.
The recent notice of Kathmandu Metropolitan City (KMC) in this regard has drawn our attention and we hereby extend our solidarity with Kathmandu Metropolitan City, it adds
NUSACCI has requested and urged all concerned stakeholders to refrain from the unauthorised use of international and domestic company trademarks and labels.
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