After witnessing a giant contraction in export orders for recent months, Indian micro, small and medium enterprises (MSMEs) in the export sector will receive much needed relief.

In an make an effort to reduce the economic pressure, the United Progressive Alliance (UPA) led government recently unveiled a special package worth Rs 325 crore to relief to the export segment. This move is required to benefit the employment-intensive export sectors since leather, gems & jewelery and linens.

Under the new package, procedural formalities for claiming duty drawback refund and refund of terminal excise duty have been simplified to help MSME exporters prune high transaction expenditure.

Measures like quick settlement of duty credit scrips turn out to be issued ahead belonging to the realization of export proceeds and extension of scrips for import of even restricted items after payment of duty is expected to facilitate greater trade.

In order to promote trade facilitation, brand new has also extended a provision cut down export obligations by the decline in exports.

Export incentives for things like technical textiles, stapling machine and handmade carpets were also provided as part of the recently announced export package deal.

The de-linking of grant of benefit under the duty entitlement pass book (DEPB) scheme 1 other incentive a good-looking lawn help the MSME export segment tide over the crisis.

In order to promote trade facilitation, the government has also extended a provision reduce export obligations Udyog Aadhar Application Online in India line with professional compensation in exports.

Export incentives for such things technical textiles, stapling machine and handmade carpets have also been provided during their recently announced export stimulus package.

Trademarks are a key element of any successful business marketing strategy as to build e-mail marketing them to identify, promote and license their services or goods in the marketplace and distinguish these from associated with us their competitors, thereby cementing customer loyalty. A trademark symbolizes the promise within a quality product and in the modern global and increasingly electronic marketplace, a trademark is often the only way for customers to identify a company’s products and services. Trademark protection hinders moves to “free ride” on the goodwill of a company by using similar distinctive signs to market inferior or similar products or services. Loss, dilution or infringement of a high-value trademark could prove devastating to a business.

World Intellectual Property Organisation (WIPO) is a specialised agency of the United nations (UN) which oversees the task of international registration of trademarks through Madrid Set-up.

Although it is improbable to obtain an ‘international trademark’, whereby a single trademark registration will automatically apply around the world, the Madrid system permits the filing, registration and maintenance of trade mark rights in more than a single jurisdiction on a global basis.

Background-

The Madrid product is administered by the International Bureau of the world Intellectual Property Organisation in Geneva, Europe. The Madrid system comprises two treaties; the Madrid Agreement Around the International Registration of Marks, which was concluded in 1891 and entered into force in 1892, and the Protocol Relating to the Madrid Agreement, which came into operation on 1 April 1996. The Madrid Agreement and Madrid Protocol were adopted at diplomatic conferences held in Madrid, Spain.

Recent Developments-

There are many significant recent developments trademarks Law Vis a Vis Madrid system. The accession of United States and European Union to Madrid Protocol on 2nd November 2003 and 1st October 2004 respectively is considered as essential development.

A record 36,471 international trademarks applications were received in 2006 by wipo under Madrid procedure. This represents 8.6% increase on figures for 2005.

No. Of developing countries witnessed significant growth in international trademarks filing in 2006.China is the most common designation for international protection because of ever growing economy and trade turns.

WIPO also promotes use of electronic communication for processing of international software program. In April 2006, WIPO introduced a new Online assignment of trademark india international trademarks renewal service enabling users to maintain their trademarks rights quickly and efficiently, about 22% renewals recorded electronically.

A number of new improvements, including new search facilities, were also introduced towards the ROMARIN database that contains information regarding all international marks which usually currently in force in the international trademark register. As from January 1, 2007, the ROMARIN data base is fashioned available, free-of-charge, over a WIPO web portal.

Indian Perspective-

India is also considering and is in fact inclined towards granting accession to the Madrid system. India is beginning to comprehend the various advantages of acceding to the Madrid System, accumulate that, the applicant for an International registration is recommended to file only one application, pay one fee in local currency, and is not required at least initially, to submit foreign powers of legal professional. Renewals, assignment recorders, changes of name and/or address of an international registration may be affected by filing one document with the International Bureau. Moreover, the payment of a single filing fee and preparation of merely one application should cause savings in legal service fees.

India has stated that it would join the Madrid System after making due preparations, including modernisation of its trademark offices. Investment and action in this direction should be expedited and Indian providers of products or services enabled to leverage the system without further delay. It needs to be noted that the Madrid System does not prevent trademark owners from routing their application through the IP offices of member-countries other than their own. If India does not accede to these devices early, Indian businesses may be instructed to put in their international applications off the IP offices of third countries by setting up minimal operations prescribed for this reason.