Connect with us

Hi, what are you looking for?

Economy

Bicol’s pili nut industry could secure trademark by 2022

THE pili industry in Bicol could register for intellectual property protection by next year through a collective trademark, the Intellectual Property Office of the Philippines (IPOPHL) said.

IPOPHL has been supporting such collective marks for local enterprises through a partnership with the World Intellectual Property Organization.

The project includes logo design and the standards-setting for producing goods that will use the mark.

The industry spans from raw material farming to value added goods such as butter and handicraft.

“A collective mark serves as a branding tool that increases consumer confidence as it guarantees premium quality, authenticity, craftsmanship, raw materials, safety, sanitary standard or the cultural links of a product,” IPOPHL said in a statement on Wednesday.

Bicol Pili Project Consultant Aldrin R. Mendoza said collective marks would improve product sales through marketing and technology improvements done through economies of scale.

He said industry stakeholders must first create a formal group. “We need only one core organization, federation, cooperative or any structure that will be the owner and filer of the mark,” he said.

“It is the industry stakeholders who must initiate and determine how to group themselves.”

Registered collective marks are protected for at least a decade.

Guimaras Mangoes and Cordillera Heirloom Rice collective marks are registered at the IPOPHL. — Jenina P. Ibañez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Top News

Intensifying focus on worker safety across medical, chemical, automotive, and oil & gas sectors is a major reason for the burgeoning nitrile gloves industry,...

Economy

The government expects to finish 29 flagship infrastructure projects worth P238.48 billion before President Rodrigo R. Duterte’s term ends in 2022. It has added...

Economy

The Philippine central bank raised its balance of payment (BoP) projection for this year on expectations of an improved economic landscape here and overseas....

Economy

The Philippine central bank raised P100 billion from its auction of short-term securities on Friday even as rates rose on hints by the US...

Economy

The country’s outstanding foreign debt fell by 1.5% or $1.4 billion to $97 billion at the end of March from end-December, after the National...

Economy

The Department of Health (DoH) reported 6,833 coronavirus infections on Friday, bringing the total to 1.35 million. The death toll rose by 110 to...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!