Experts at a meeting opined that the intellectual property protection is essential for the country's economic growth and government revenue collection, along with proper valuation of creative industries.
The remarks were made at the first meeting of the FBCCI Standing Committee on Intellectual Property Rights held at the FBCCI office on Thursday.
The stakeholders also stressed awareness raising for the protection of intellectual property.
They also mentioned that if the recommendations sent for the protection of intellectual property are stuck in the government offices for a long time, people are demotivated to work on it.
While addressing the meeting as chief guest, FBCCI Vice President M A Momen said, “Building a digital economy is a dream of the Prime Minister of Bangladesh. The government must work to protect intellectual property fulfilling the dream”.
M A Momen informed that the potential of Bangladesh will be highlighted in front of the representatives of different countries at the upcoming Bangladesh Business Summit to be held on the occasion of the FBCCI’s 50th anniversary.
The fact of Intellectual property protection will come up with more important at that time.
FBCCI vice-president Md. Amin Helaly said that it is necessary to work on the protection of intellectual property in coordination with the public and private sectors. He said, world-class products are now made in Bangladesh. So it is important to preserve the rights of the product along with its creation.
Committee Director in-Charge Mohammad Anwar Sadat Sarker said that Bangladesh is almost on the way to LDC graduation. So it is now necessary to change the copyright protection law based on graduation. Branding of Bangladesh's own products should be increased, he added.
The meeting was presided over by the Chairman of the committee and Secretary General of the Intellectual Property Association of Bangladesh (IPAB) Md. Azizur Rahman FCS. He said, “Lack of intellectual property protection negatively affects both health and economy. Sometimes, foreign companies are also discouraged from doing business in the country for fear of brand theft. It is necessary to work with Intellectual property to achieve the country’s development goals.
FBCCI Director Hasina Newaaz, Md. Shafiqul Islam Vorosha, Abu Motaleb, Hafez Harun, Iqbal Shahriar, Md. Naser, Dr. Nadia Binte Amin, Akkash Mahmood were also present at the meeting. Advisor Manzur Ahmed, Committee Co-Chairman Manzurur Rahman, M S Siddiqui, Mohammed Khorshed Alam, S.O.M. Rashedul Quayum, Osman Gani, and other members.
