UAE comes off US watchlist for sale of counterfeit goods


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The UAE has been taken off the US intellectual property protection (IPP) watchlist following campaigns to tackle the sale of counterfeit goods.

The decision was made by the Office of the United States Trade Representative (USTR).

In April, Dubai Customs seized and recycled counterfeit goods worth Dh1 million ($272,000), including designer bags, watches, gloves and glasses.

More than 300,000 bogus filters, spark plugs and other engine parts were seized by officials in 2020.

It is our intention to build on this positive result and continue to strengthen and reinforce rigorous IPP rights across the UAE

The decision was welcomed by UAE authorities.

"The USTR’s decision is encouraging news," said Ahmed Ali Al Sayegh, Minister of State.

"Over the last year, we have worked hard to strengthen the UAE’s IPP framework in many important ways.

"This decision is an endorsement of our progress.

"The UAE is committed to implementing robust IPP regulatory standards, including having an infringement and enforcement framework that upholds these standards."

Protecting US inventors

The USTR’s Special 301 Report puts a spotlight on foreign countries that fail to provide adequate and effective IP protection for US inventors, creators, brands, manufacturers, and service providers.

This year's report highlighted several measures taken by the UAE to improve its national systems.

These included efforts made by the Ministry of Health and Prevention to resolve concerns surrounding the IP protection of pharmaceutical products, and the role of Dubai Customs in clamping down on the import of counterfeit products.

The measures taken by Ajman Department of Economic Development to reduce the availability of counterfeit goods at the Ajman China Mall was also noted.

Over the past few years, the UAE has intensified inspection campaigns and now uses blockchain technology to prevent fraud and counterfeiting.

The UAE also signed several international treaties for the protection of copyright work, including the Trade-Related Aspects of Intellectual Property agreement.

The work to protect IPP is continuing, said Mr Al Sayegh.

"It is our intention to build on this positive result and continue to strengthen and reinforce rigorous IPP rights across the UAE.

"We firmly believe that the process of creating and commercialising IP enriches society and drives economic growth."

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Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.

Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.

A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.

The Emirates is the world’s third largest per capita water consumer after the US and Canada.

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