Friday, January 22, 2021

IGNOU : M.COM : IBO 1 : UNIT 8 : Q - 3. Analyze the issues raised by intellectual property rights as agreed to under the Marrakesh Agreement.

 

Ans. Under the Uruguay Round of Multilateral Trade Negotiations, regime of intellectual property rights was negotiated under trade related intellectual property rights which became an important component of the Marrakesh Agreement. Development and enforcement of intellectual property rights regimes was removed from other international agencies and was brought under Uruguay Round of Multilateral Trade Negotiations under the auspices of General Agreement of Tariffs and Trade (GATT). The inclusion of intellectual property rights in the agenda of the GATT was to not only enable negotiations set to achieve uniform and higher standards of protection and enforcement, but also empower concerned organization to take recourse to "cross retaliation" in the goods sector to ensure compliance. The appellation "trade related aspects" is only a thin veil to confer legitimacy on the inclusion of the subject on the agenda of Uruguay Round. The USA had similarly done unilaterally under Super and Special 301 provisions of its trade laws.

TRIPS Agreement, covers seven categories of intellectual property, viz., copyright and related rights, trade marks, geographical indication, industrial designs, patents (which include micro-organisms and plant varieties), integrated circuits and trade secrets.

i) Protection will be available for 20 years for patents and for 50 years for copyrights. Patents shall be available for any invention, whether product or process, in all fields of technology. Further, patents shall be available and patent rights enjoyable without discrimination as to the place of invention, the field of technology whether products are imported or locally produced. Patent will be available in the area of computer development and information technology.

ii) Protection of intellectual property rights provided in the agreement will be enforced through the Common Dispute Settlement Mechanism of World Trade Organization (WTO) which provides for retaliation and cross retaliation.

 

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