Through its intimate knowledge of Jordan’s high-value knowledge-economy sectors, the USAID Jordan Competitiveness Program has been well-positioned to work with key sector players in the private and public spheres to advocate for measures—including laws and regulations—that create a more enabling business environment. In the clean tech sector, for example, JCP helped push through state-of-the-art wheeling and pooling regulations that have unlocked the potential of the renewable energy sector, including a multi-million dollar effort to generate solar-powered electricity for private hospitals and municipalities in Jordan’s two largest cities, Amman and Irbid. Also in the clean tech sector, JCP developed instructions for installing and managing electric vehicle charging stations, a move that has helped grow that nascent sector exponentially. In the ICT sector, JCP was instrumental in advocating for tax incentives for companies exporting Jordanian expertise and products overseas. And economy-wide, the USAID program successfully assisted the Government of Jordan to accede to the Patent Cooperation Treaty, a key development that now allows Jordanian innovators to register their intellectual property in 152 countries worldwide.
Acceding to the Patent Cooperation Treaty
Working with the Ministry of Industry, Trade, and Supply (MoITS), in collaboration with the World Intellectual Property Organization (WIPO), the USAID Jordan Competitiveness Program (JCP), assisted Jordan with its accession to the Patent Cooperation Treaty (PCT). The Kingdom became the 152nd member of the WIPO-administered intellectual property treaty. The PCT is an international agreement that is administered by WIPO to facilitate the acquisition of patent rights in member states while streamlining the process for patent applications. The treaty helps applicants secure international patent protection for their inventions, helping patent offices with their patent-granting decisions and facilitating public access to a wealth of technical information relating to those inventions. By filing one international patent application using the PCT route, applicants can simultaneously seek protection for an invention in all member countries.
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Online Movable Collateral Registry
The USAID Jordan Competitiveness Program, in cooperation with the Ministry of Industry, Trade, and Supply (MoITS), has developed an Online Movable Collateral Registry to support the "Law on Financial Leasing 2008" and become the first automated centralized data registry that will allow leasing companies to register and document active leasing notices for future searches and protecting rights . The MoITS is the official owner of the Registry and is responsible for managing and following up on it. During the past year, JCP, in cooperation with the International Finance Corporation (IFC) and under the supervision of MoITS, worked on developing the online registry and its supporting instructions. The current registry was designed to accommodate another credit-related law that is currently being discussed in the parliament, the “Secured Lending Law,” which will expand lending volumes that are secured by all sorts of movable assets, including by banks and other financial institutions. The law will create an important foundation for protecting the rights of banks and other financial institutions targeting SMEs and microfinance companies.
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