The World Intellectual Property Organization (WIPO) has announced that Saudi Arabia will officially become the 147th Contracting State of the Patent Cooperation Treaty (PCT) on August 3rd, 2013. It’s been eight months since the last country deposited its accession to the PCT - Panama became the 146th State to do so in September of 2012.
To put the vast coverage of the Patent Cooperation Treaty in perspective, take a look at WIPO’s global map of current Contracting States below. To date, 75% of the world’s countries are members of the PCT.
- Over the last 15 years, roughly 51% of patent applications filed into the country have fallen under a “chemistry” or “engineering” category.
- The top PCT applicant in 2011 was SAUDI ARABIAN OIL CO. with 50 published applications.
- The total number of IP filings in the country increased from 473 in 2007 to 1,067 in 2011 (a 126% increase).
*Source: WIPO Statistics Database
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