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Jordan Seeks to Deepen Economic Ties with Germany

Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)
Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)
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Jordan Seeks to Deepen Economic Ties with Germany

Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)
Vendors sell vegetable and fruits at a market in downtown Amman June 4, 2018. (AFP)

Jordan’s State Minister for Investment Affairs Mohannad Shehadeh said that developing the country’s technical services sector with German expertise and redrafting export agreements to Europe are a priority for the government in its effort to bolster economic cooperation with Berlin.

He highlighted the success achieved by German firms operating in Jordan and the arrival of technical and technological Jordanian products to German markets through investment in Jordanian human capabilities and potential.

He added that the success of German companies, such as Siemens, represent an opportunity for the German investor to focus on producing services and re-exporting them.

He made his remarks before the Amman Chamber of Industry that met in Amman on Thursday to discuss available investment opportunities in Jordan and reassess economic cooperation between the Jordanian and German private sectors.

Shehadeh added that improving and developing Jordanian expertise, in addition to participating in the global economy, help the services sector in the country overcome previous restrictions.

Energy Minister Hala Zawati assured that investment opportunities are available in the alternative energy fields, underpinning that the government has several substitutes to exploit the renewable energy sources in the country.

German speakers at the meeting voiced interest to provide logistic and technical support to Jordan in a way that reinforces compliance with European consumer requirements and fulfills the goals of developing the Jordanian energy and services sector.

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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.