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Showing posts with the label WTO TRIPS

WTO TRIPS issue

 India once again emphasised on making Trade related intellectual property rights (TRIPS) of the WTO norms more flexible. Prime minister of India Narendra Modi addressed the second Digital convention based on corona virus hoasted by the US president Joe Biden. In this forum India again underlined the importance of waiver in the TRIPS norms of the WTO so that it can give an opportunity to the developing nations to get the technology and make the vaccine. WTO came in 1994 and the very next year TRIPS was introduced. It has some provisions to amend in the norms and make the patent rights more flexible. Patent is an exclusive rights over any ideas or things and no country can make the things without prior permission from the right holder. India in this conference tries to highlight the importance of waiver as a need of time because the corona virus has engulfed the world and the world is facing huge loss of lives everywhere.  On the basis of humanity India,...