The PCT is an international agreement administered by the World Intellectual Property Organization (WIPO). It aims to simplify and facilitate the patent application process in multiple countries. Now, Uruguayan inventors can present their inventions more efficiently and cost-effectively. The only step left for this to come into effect is the Executive Power’s enactment.
Thus, Uruguay would join over 150 countries that have signed the treaty. Argentina, Paraguay and Bolivia remain the only three Latin American countries that have not yet adhered, where the Paris Convention is the only alternative to file claiming a foreign priority.
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