On 5th October 2023, the Uruguayan government, led by President Luis Lacalle Pou, submitted a bill to the Parliament for the accession to the Patent Cooperation Treaty (PCT). This initiative reflects Uruguay's commitment to the protection of intellectual property and is in line with the president's strategy to expand the country's presence in international markets. Joining the PCT is seen as an important step towards the ratification of the Trans-Pacific Partnership Agreement, a top priority for Uruguay.
What is the PCT?
The Patent Cooperation Treaty (PCT), administered by the World Intellectual Property Organization (WIPO), is a key international instrument by simplifying and economizing the global patent application process. The treaty allows applicants to file a single application for protection in multiple countries, significantly streamlining the process and reducing costs. Read more