Looking back a 2019, the National Institute for the Defense of Competition and the Protection of Intellectual Property (Indecopi) in Peru revealed that trademark registrations granted by the Directorate of Distinctive Signs went up significantly during the year.
In total, some 36,259 trademark registrations were granted between trademarks and collective brands, in large part, thanks to the promotion of the benefits of the industrial property system, the use and improvement of the trademark advisory service and the management of simpler, cheaper and faster procedures.
This means that, in Peru, collective brands grew 12.58% in relation to the numbers registered during 2018.
Also, during 2019, 3,427 collective brands were awarded in favor of producer organizations, artisans and micro and small businesses. This sector in particular saw an interannual increase of 316.4%.
The statistics represent important indicators since, for the third consecutive year, the DSD granted more than 32,000 trademarks, taking into account that between 2014 and 2016, the average trademarks granted were 26,000.
On the other hand, Indecopi has also revealed some other indicators of importance in connection to the brands granted in 2019, highlighting that 68% were national registrations, while 32% were foreign.
On the other hand, of the records granted to national residents, 37% correspond to service companies and 63% to production companies.