Cambodia is set to become the first Asian country to recognize European patents on its territory. The agreement will enter into force once it has been adopted into Cambodian law, tentatively 1st July 2017. Pharmaceutical products will consequently be excluded from the agreement for the duration of the transitional period.
“The new validation agreement with Cambodia is positive news for the development of the European patent system,” said EPO President Benoît Battistelli. “It extends its attractiveness beyond the European market and its immediate neighborhood. The recognition of the European patent by an Asian country demonstrates its global impact, also in the context of a least-developed economy.”
Cambodia sees this agreement as an incentive for owners of European patents to consider investing in Cambodia, thereby strengthening the country’s economic development.
Source: EPO News