INTA Highlights Value of IP in Malaysia

INTA highlighted the value of trademark-intensive industries to the economic growth in Malaysia and suggested several ways for the country to further the positive impact of IP, in remarks at a seminar hosted by the Institute for Democracy and Economic Affairs in Kuala Lumpur, Malaysia on April 18. To strengthen IP rights, Seth Hays, INTA’s Chief Representative, Asia Pacific, urged more research on the trade of counterfeit goods in Malaysia, and he suggested that small to medium-sized enterprises (SMEs) need a greater focus on branding. He cited INTA research findings, noting that in Malaysia, 24 percent of employment, 30 percent of GDP, and 55 percent of exports can be attributed to trademark-intensive industries.