AGL 38.25 Decreased By ▼ -0.01 (-0.03%)
AIRLINK 138.97 Decreased By ▼ -2.03 (-1.44%)
BOP 5.45 Increased By ▲ 0.01 (0.18%)
CNERGY 3.79 Decreased By ▼ -0.05 (-1.3%)
DCL 7.57 Decreased By ▼ -0.03 (-0.39%)
DFML 46.15 Decreased By ▼ -0.04 (-0.09%)
DGKC 78.11 Increased By ▲ 0.61 (0.79%)
FCCL 29.10 Decreased By ▼ -0.18 (-0.61%)
FFBL 57.10 Increased By ▲ 0.60 (1.06%)
FFL 8.70 Increased By ▲ 0.10 (1.16%)
HUBC 101.82 Increased By ▲ 3.13 (3.17%)
HUMNL 14.25 Increased By ▲ 0.15 (1.06%)
KEL 3.82 Decreased By ▼ -0.01 (-0.26%)
KOSM 7.40 Increased By ▲ 0.01 (0.14%)
MLCF 38.35 Increased By ▲ 1.65 (4.5%)
NBP 69.50 Increased By ▲ 0.60 (0.87%)
OGDC 170.02 Increased By ▲ 0.52 (0.31%)
PAEL 25.65 Increased By ▲ 0.25 (0.98%)
PIBTL 6.60 Increased By ▲ 0.04 (0.61%)
PPL 133.58 Increased By ▲ 2.58 (1.97%)
PRL 25.00 Decreased By ▼ -0.11 (-0.44%)
PTC 15.54 Decreased By ▼ -0.10 (-0.64%)
SEARL 63.83 Increased By ▲ 5.83 (10.05%)
TELE 6.95 Increased By ▲ 0.05 (0.72%)
TOMCL 36.98 Increased By ▲ 1.74 (4.94%)
TPLP 7.70 Decreased By ▼ -0.03 (-0.39%)
TREET 13.96 Decreased By ▼ -0.14 (-0.99%)
TRG 44.97 Increased By ▲ 0.28 (0.63%)
UNITY 25.40 Decreased By ▼ -0.01 (-0.04%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,205 Increased By 53.2 (0.58%)
BR30 27,717 Increased By 483.5 (1.78%)
KSE100 86,206 Increased By 365.3 (0.43%)
KSE30 27,236 Increased By 2 (0.01%)

US President Donald Trump was granted initial approval on dozens of new trademarks in China because they met legal standards, a senior Chinese commercial official said on Friday. China's trademark office in recent weeks green-lighted 38 trademark applications linked to Trump, giving the US president and his family protection were they to develop the "Trump" brand in the market.
The ties between politics and business have, however, prompted concern from politicians and rights groups who say the president could face potential conflicts of interest related to the extensive business affairs of his family.
Some US law makers have raised questions about whether Trump's position as president could prompt preferential treatment of his businesses.
China examines millions of trademark applications every year and they are processed according to schedule, Zhang Mao, the head of China's State Administration for Industry and Commerce (SAIC), told reporters after a briefing on the sidelines of the country's annual parliament session.
"Our trademark examination process is open and transparent," said Zhang, whose SAIC runs the trademarks office.
Asked by reporters whether their approval was at all linked to Trump's status as president, Zhang said: "(They) were processed completely according to trademark law. You can go check."
Trump, a wealthy real estate developer, has previously said he has handed over his business interests to a trust overseen by one of his sons and a Trump Organisation executive. He can, however, revoke the trust at will and, as its sole beneficiary, remains linked to it financially.
The trademarks - mostly variations in English and Chinese on the name "Donald Trump" - were given preliminary approval in two lists published by the trademark office on February 27 and Monday.
They cover business areas including branded spas, massage parlours, golf clubs, hotels, insurance, finance and real estate companies, retail shops, restaurants, bars, and bodyguards. Trump's lawyers applied for the trademarks in April last year, mostly registered to "Donald J. Trump" and listing to the address of Trump Tower on Fifth Avenue in New York. The preliminary approvals are open to be challenged for around a 90-day period. Barring objections they will be formally registered in late May and early June respectively.

Copyright Reuters, 2017

Comments

Comments are closed.