The Permanent Commission of Science and Technology and Innovation of the National Assembly, approved the report for the first discussion on the project of the Industrial Property Law, a normative instrument that will be in agreement with the international legislation related to the matter.
The president of this legislative body, Deputy Luis Lippa, explained that the Industrial Property Law, will provide legal certainty allowing progress in the economic and social development of the country, encouraging investment and productive development adapted to international standards on industrial property.
For Lippa, the normative instrument strengthens the regulation of industrial property, incorporating new figures such as denominations of origin and integrated circuits among others. It also provides the strengthening of administrative procedures making them more expeditious and guarantors of the rights of those involved, providing for penalties for unfair competition linked to industrial property, said the parliamentarian.
The parliamentarian, representative of the state of Apure, assured that it is necessary to adapt the ordinance to the real needs of the country today, improving the current law that dates from 1955.
He considers that Venezuela has capabilities for entrepreneurship and that it is not possible to continue discussing from a polarized partisan stance that does not respond to the needs of the country, we need a law that allows us to reinvent ourselves as a nation, for this reason, he said that a legislation in accordance with the current reality is necessary.
“The important thing about this law is that it will stimulate private investment, allowing the improvement of the productive apparatus, stimulating all types of investment and above all individual initiatives and of the different brands and innovators, as well as progress in the area of industrial property, protecting the economic productive apparatus.”
Lippa assured that this parliamentary initiative consists of 348 articles, 7 transitional provisions, 6 derogatory provisions and 2 final provisions structured in 13 titles broken down or based on the general provisions, organizational regime on industrial property, inventions, layout-designs in integrated circuits, industrial designs, distinctive signs, intellectual and collective property of indigenous peoples, unfair competition in industrial property, enforcement of industrial property rights, administrative resources, fees and payments of rights, industrial property agents and derogatory and final transitional provisions.
During the closing of this meeting, he said that the parliamentary body will direct its efforts to coordinate with the different political factions in order to approve the draft Industrial Property Law before the end of this second period of ordinary sessions and advance in the enrichment of the draft on Industrial Property Law for its second discussion, in order to have a normative instrument that the country demands and that will be materialized into law by the National Assembly,” said Lippa.