INDEPENDENT NEWS

Patents Bill passes third reading

Published: Wed 28 Aug 2013 07:06 PM
28 August 2013
Patents Bill passes third reading
Commerce Minister Craig Foss has welcomed the modernisation of New Zealand’s patents laws as the Patents Bill passes its third reading in Parliament today.
“This Bill is marks a significant step towards driving innovation in New Zealand, it replaces sixty year-old legislation and introduces a patent system suited for the 21st century,” says Mr Foss.
Mr Foss says passing the Patents Bill is an important part of the Government’s Business Growth Agenda, which aims to boost innovation and help create a more productive and competitive economy.
“By clarifying the definition of what can be patented, we are giving New Zealand businesses more flexibility to adapt and improve existing inventions, while continuing to protect genuine innovations,” says Mr Foss.
Mr Foss thanked the many people involved in the Bill’s development.
“I would like to take this opportunity to thank the many innovative NZ businesses that have given feedback on the Patents Bill for their engagement. Passing the Patents Bill guarantees that genuine inventions are protected, and Kiwi businesses can continue to innovate and grow,” says Mr Foss.
ends

Next in New Zealand politics

No politicians at Rātana in 2021 as celebrations made exclusive for church adherents
By: RNZ
Ongoing Worker Dissatisfaction Shows Need For Fundamental Change
By: New Zealand Council of Trade Unions
Border Exception For Some Returning International Tertiary Students
By: New Zealand Government
Vaccine Only Part Of The Cure For Resumption Of Pacific Travel: World Bank Report
By: World Bank Group
ExportNZ Welcomes Back International Students
By: Export NZ
View as: DESKTOP | MOBILE © Scoop Media