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ICSB CPD holds Program on “INTELLECTUAL PROPERTY RIGHTS IN BANGLADESH”

ICSB CPD holds Program on “INTELLECTUAL PROPERTY RIGHTS IN BANGLADESH”

DHAKA:Institute of Chartered Secretaries of Bangladesh (ICSB) has organized a Continuing Professional Development (CPD) programme on “Intellectual Property Rights in Bangladesh” today.

Mohammad AsadUllah FCS, Chairman, Professional Development Sub Committee and Immediate Past President (IPP) of the Institute presided over the CPDSeminar and summed up the session. In his welcome address, he stressed that present market economy is driven by physical resources, innovation and knowledge. For ensuring an innovative society based on creative ideas, adequate protection of IPRs is an essential tool. Mr.AsadUllah FCS further elaborated that since, the Members of ICSB are professionally fit and competent both ICSB and Department of Patent, Designs and Trademarksmay choose to jointly explore theavenues for cooperation for mutual benefits. To materialize the joint cooperation approach, necessary amendments should be made to the Trade Mark Act and Rules, so that the Chartered Secretary professionals could make better contribution to the national economy.

Mohammad Sanaullah FCS, the President of the Institute was present in the occasion. In his speech, he said that businesses are now competing with each other on the grounds of IPRs, not only physical goods. President urged to include Chartered Secretary Professionals allowing them to practice in Intellectual Property like Registration of Patent Design, Copyright registration& Trademark in line with the practice of India. He stressed that Chartered Secretaries are well trained and competentfor dealing with Intellectual Property issues.

Mr. Md. Abdul Halim, Secretary in Charge, Ministry of Industries, GoB attended the Seminar as the Chief Guest. He said that IPR-specific key challenges that need to be addressed to strengthen Bangladesh’s IP system include the establishment of a strong policy- and legal framework. Up to now, Bangladesh does neither have a stand-alone IP policy or strategy, nor is IP protection adequately integrated into the country’s development strategies/policies. The legal framework is still incomplete, but currently amendment process is going on. In particular, there is an urgent need for basic capacity building. Awareness on IPRs among most institutions, businesses, researchers and the public is limited. Consequently, the enforcement of IPRs remains weak. The protection of IPR encourages innovation, contributes to a sound business environment and increases Bangladesh’s ability to attract foreign investment, know-how and modern technology. Moreover, IPRs are essential to achieve market diversification and to shift towards higher value-added products and services. He also stated that the Govt. is losing 7000 Crore revenue per year. Now we have less than 300 billion GDP, in near future it will cross this landmark. From then we should have to cope up with the concurrent situation to made necessary changes in the Intellectual Property Act which will contribute the GDP of our country.

Mr. Md. Sanwar Hossain, Registrar (Additional Secretary), Department of Patent, Design and Trademarks (DPDT),Ministry of Industriesattended the programme as Special Guest. He presented a Key Note Paper on the “Regulations Relating to IPRs and functions of DPDT” and Mr. Md. Azizur Rahman FCS, Council Member of ICSB and Director General, Intellectual Property Association of Bangladesh (IPAB) presented another Key Note Paper on “IPRs business/economic impact” and addressed the issues in the CPD programme on “Intellectual Property Rights in Bangladesh”. These papers would facilitate the Members of ICSB for further improvement of the Company Secretarial practices in their respective job field.

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