This year has seen the National Committee for Intellectual Property Rights (NCIPR) finalise a significant draft IP policy 2023-28 for submission to the Council of Ministers, as stated by minister and NCIPR chairman Pan Sorasak.

On June 29, Sorasak led a meeting that recapped the committee's achievements throughout 2022 and established a roadmap for the coming year.

Sorasak expressed that the draft was engineered to transform Cambodia's IP system into a catalyst for diversified development.

"Our goal is to foster the economic, commercial, industrial, cultural, tourism and agricultural sectors," Sorasak explained.

He elucidated that the scheme involved bolstering protection for Cambodian IP, along with enhancing the reputation of the nation's brands and products, and nurturing innovation.

The minister also highlighted that the plan is designed to inspire the use of IP for research advancement, technological product development and to energise creative industries. This will cater to the digital economy and society, and stimulate the Fourth Industrial Revolution, or Industry 4.0, to help realise Cambodia's vision for 2050.

Sorasak commended members of the NCIPR and its secretariat for their efforts, which resulted in notable achievements.

He said the committee played an instrumental role in negotiating the Regional Comprehensive Economic Partnership (RCEP), which came into effect last year.

"Our negotiation efforts also culminated in the signing of the Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement [CAM-UAE CEPA] on June 8," affirmed the minister.

He added that these pacts will serve as a powerful engine for fresh opportunities in Asia and the Middle East, underscoring Cambodia's prosperous development and peace in the digital era.

As chairman of the committee, Sorasak encouraged the participants to provide input on the draft, saying this document would serve as the legal bedrock for exercising IP rights, protecting copyright owners, and safeguarding consumer interests from counterfeit products.

"This is about eliminating dishonest competition practices, nurturing respect for IP, boosting consumer trust, advocating fair trade, and attracting investment," he said.