Saudi Arabia is taking a hardline stance against commercial fraud and counterfeit trademark sales. The Kingdom’s public prosecution has announced severe penalties for those involved in these illegal activities.
Offenders could face up to one year in prison. Additionally, they could incur fines of up to SR1 million for selling or possessing counterfeit products. These penalties apply to anyone offering services related to counterfeit goods under Saudi trademark law.
Combating Legal Counterfeiting
This initiative combats counterfeiting, which threatens the national economy by undermining market confidence. It also endangers consumers with substandard products. Legal expert Muqrin Al Shuwaiman stated that these measures demonstrate the kingdom’s commitment to protecting intellectual property rights. He emphasized the importance of fostering a fair commercial landscape in Saudi Arabia.
Increasing Legal Awareness
Al Shuwaiman highlighted the necessity of increasing legal awareness among individuals and businesses. This awareness should focus on the risks associated with counterfeit products. Recent reports from Saudi media detailed operations targeting counterfeit and recycled products that pose public safety risks.
Encouraging Public Reporting
The Saudi Ministry of Commerce encourages the public to report suspicious activities. They pledged to enhance inspection and awareness campaigns. This effort aims to ensure compliance with regulations, protect consumer rights, and promote fair market competition.
