Saudi Arabia has been removed from a US watchlist of countries it deems are weak at enforcing Intellectual Property rules, a step toward removing a significant obstacle in attracting foreign investment into the Kingdom.
The Office of the United States Trade Representative has taken the Kingdom off its Priority Watch List in its annual Special 301 Report, after Saudi Arabia tightened up its IP enforcement procedures, according to a report in Arab News.
According to that report, efforts by the Saudi Authority for Intellectual Property in creating specialized IP enforcement courts, as well as efforts in conducting local IP awareness and training to IP specialists in 76 different authorities to increase government compliance with the laws has helped Saudi Arabia in this respect.
The authority has also established the permanent National Committee for the Enforcement of Intellectual Property to coordinate IP enforcement, issue reports and case studies and develop IP legislation and regulations, Arab News said.
