Deputy Director General of the Intellectual Property Office of the Philippines (IPOPHL) Allan Gepty and, Director General of the Mexican Institute of the Industrial Property (IMPI) Miguel Angel Margain jointly signed a Memorandum of Understanding (MOU) at the ensuing conclusion of the APEC Intellectual Property Experts Group (IPEG) Meeting in Cebu City, Philippines.
Considered a milestone in the intellectual property (IP) development of both countries, the MOU hopes to “extend the cooperation activities, specifically those concerning to the protection, use, and enforcement of the intellectual property rights, through the joint organization of symposia, seminars and workshops and other capacity-building activities, included in the corresponding Work Project”.
Both parties have also agreed to renew the validity of the MOU for a further period of three (3) years, renewable for equal periods, by mutual written agreement of the participants.
Mexican Ambassador to the Philippines Julio Camarena Villaseñor, who witnessed the MOU signing, said that the agreement comes in an auspicious time for the upcoming state visit of Mexican President Enrique Peña Nieto to the country on 17th November this year. The agreement will be included in the set of deliverables as both countries will engage to strengthen cooperation and bilateral ties with each other.
Both parties also hoped that the signed agreement will not only enhance and promote trade and investment between the two countries, but will revitalize its economic partnership back from the heydays of the Manila-Acapulco Galleon Trade (1565-1815) which inspired and triggered international trade.
Joining them during the signing was Mexican Consul General Eduardo Gonzales.