New opportunities for global brand owners
IP owners are constantly looking for new countries in which to protect and enforce their rights, particularly as growth in mature markets slows. Three countries that are opening up to international investment are Cuba, Iran and Myanmar. Natalie Rahhal and James Nurton find out about the latest developments in these three states, particularly for trade mark owners, and also look at other jurisdictions that could become more important for IP
President Obama's December 2014 announcement rejecting the
strict embargo on trade and travel between the US and Cuba was
the first step in changing the relationship between the two
nations. But, naturally, this process has been a gradual one.
In October of this year, the US Department of the Treasury's
Office of Foreign Assets Control (OFAC) and the Department of
Commerce's Bureau of Industry and Security (BIS) announced amendments to regulations on
trade in view of the President's goals for Cuban-American
The loosened restrictions open a brand new market for US
brand owners, where there's plenty of opportunity. Although not
all trade is permitted yet, tourism-related companies
– such as JetBlue and Starwood Hotels & Resorts
– have already received special permits to do business in
Cuba. The new frontier, however, means that there's a lot to
learn in order to best to protect and enforce intellectual
property in Cuba.
Please log in
to read the rest of this article. New to Managing Intellectual Property?
Take advantage of free access to up to 5 articles on Managing IP and become a member today. It’s free to join and the benefits start straight away.
Please make sure you log in to read the rest of the article.
Join us nowGain FREE access to up to five free articles when you register now.