IN THE LAST DECADE, INDUSTRIAL PROPERTY (IP) HAS TURNED TO BE A KEY ISSUE IN THE POLITICAL AND ECONOMIC AGENDA IN ALL COUNTRIES OF WORLD BECAUSE OF ITS IMPORTANCE IN INTERNATIONAL TRADE.
IP offices of Latin America countries are not outside of this reality and have decided to cooperate among themselves to promote IP development within the region.
Thus, in 2010 a joint proposal was launched in order to built together a regional solution for trademarks, patents, utility models, and industrial designs, known as the «Cooperation System on Management Information and Industrial Property-PROSUR». Originally this initiative included the IP Offices of Argentina, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru and Uruguay. Today IP offices from Costa Rica, Nicaragua, Panama and the Dominican Republic, have been incorporated being now 12 Latin American countries the members of PROSUR.
Through data and information exchange, this initiative allows greater efficiency and quality of search and examination processes as well as decisions adopted by the different Offices of Industrial Property of Latin America.