Panama became a PCT member
On June 7th, 2012, Panama became the 146th PCT Contracting State. The PCT will enter into force for that State on September 7th, 2012.
This means that as from September 7th, 2012 PCT applications may be filed in Panama and that it will be one of the countries in which the National Phase of a PCT application filed after September 7th, 2012 may be entered.
It will be possible to enter National Phases in Panama as from March 8th, 2014.
If you want to read more about it, please download our extended article
In addition to becoming a member of the Patent Cooperation Treaty (PCT), Panama has adopted Budapest Treaty on the International Recognition of the Deposit of Microorganisms for the Purposes of Patent Procedure, enacted in Budapest on April 28, 1977, and amended on September 26, 1980; as well as the Trademark Law Treaty (TLT), all of which will enter in force on September 7, 2012.
The main goal of the Budapest Treaty is to recognize the deposit of microorganisms with any international depositary authority regardless of the location of the entity in which such deposit is made, which allows doing so outside the territory of the member State. Regarding the TLT, the main purpose is to simplify and harmonize certain aspects related to the procedures of registration and maintenance of trademark registrations.