A new international treaty on trademarks, to be known as the Singapore Treaty on the Law of Trademarks in recognition of the country that hosted the final round of negotiations, was adopted on March 28, 2006 by member states of the World Intellectual Property Organization (WIPO). The new treaty concludes efforts by WIPO’s member states to update the 1994 Trademark Law Treaty (TLT) and bring it in line with the technological developments of the past decade.
In his message to the closing ceremony of the Diplomatic Conference for the Adoption of a Revised Trademark Law Treaty, WIPO Director General, Dr. Kamil Idris, said that this "was an historic day" for WIPO and its member states. "A new intellectual property treaty has been adopted by the entire membership of the Organization. It marks a major milestone for WIPO and for the international intellectual property community. In establishing the Treaty, henceforth known in history as the Singapore Treaty on the Law of Trademarks, the Governments of WIPO’s member states collectively send out a powerful message to all sectors of society across the globe. The message is that in the 21st century, where innovation and knowledge have emerged as a key factor of economic wellbeing, intellectual property has a central role to play in the new information society." He added "The Singapore Treaty reaffirms the importance of trademarks, one of the major forms of intellectual property, in promoting domestic and international trade and in enhancing enterprise development and consumer confidence."
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