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GIPC urges India to step up IP protection, enforcement
GIPC expressed concern over India's proposal along with South Africa at WTO - seeking waiver of certain IP provisions under Trade-Related Aspects of Intellectual Rights (TRIPS) agreement for Covid-related medical technologies.
The US Chamber of Commerce's Global Innovation Policy Center (GIPC) expressed its unease over the slow momentum of India's protection and enforcement of intellectual property rights, especially in the backdrop of the Covid-19 pandemic.
GIPC expressed concern over India's proposal along with South Africa at WTO - seeking waiver of certain IP provisions under Trade-Related Aspects of Intellectual Rights (TRIPS) agreement for Covid-related medical technologies.
In an interview to ET, Patrick Kilbride, senior vice president of the Global Innovation Policy Center (GIPC) said that the governments should not sacrifice the principle of protection and enforcement of IP.
“. when countries take steps to restrict intellectual property rights on an international basis, it interrupts the system," Kilbride said.
"It's understandable that countries would undertake these measures, we understand the challenges that they're trying to address. But probably from a business perspective, don't damage the (IPR) system," Kilbride added.
Kilbride urged India to give impetus to the National IPR Policy 2016 - that promised to simplify procedures, cut red tape, and improve enforcement of IP.
Team Edu-visor