Apex trade regulator finds nothing amiss in India’s intellectual property laws after exhaustive review
India’s intellectual property rights (IPR) regime, under constant attack from the US and multinational companies (MNCs) over the past few years, has been given a clean bill of health by the World Trade Organisation (WTO). At a two-day trade policy review conducted by the apex organisation in early June, there was no criticism of a much contested section of the patent law nor was the country pulled up for issuing a compulsory licence (CL) for a cancer drug—another issue that has had the pharma giants frothing at the mouth.
Reports from Geneva said that India’s policies earned praise from many member-countries, although some others sought further easing of investment rules. This column, however, is concerned not with the broad sweep of Delhi’s trade regime but with IPR policies which have been unfairly targeted by the US and its business lobbies.
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