Draft International Intellectual Property Agreement on Genetic Resources and Traditional Knowledge

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The interests of India are directly associated with Draft International Legal Instrument Relating to Intellectual Property, Genetic Resources and Traditional Knowledge Associated with Genetic Resources as this ancient country have various Genetic Resources and Traditional Knowledge therefore ABC Research team is referring information on this subject.

New Delhi (ABC Live): WIPO member states on July 21, 2022 approved the convening of diplomatic conferences for two proposed international agreements: one pertaining to the protection of designs to ease cross border trade and a pact related to intellectual property (IP), genetic resources and traditional knowledge associated with genetic resources.

The interests of India are directly associated with Draft International Legal Instrument Relating to Intellectual Property, Genetic Resources and Traditional Knowledge Associated with Genetic Resources as this ancient country have various Genetic Resources and Traditional Knowledge therefore ABC Research team is referring information on this subject.

About the “Draft International Legal Instrument Relating to Intellectual Property, Genetic Resources and Traditional Knowledge Associated with Genetic Resources

Since 2010, text-based negotiations on an international legal instrument relating to intellectual property, genetic resources and associated traditional knowledge (TK), as well as on the protection of TK as such and traditional cultural expressions/expressions of folklore, have been ongoing in the Intergovernmental Committee on Intellectual Property and Genetic Resources, Traditional Knowledge and Folklore (IGC).

Genetic resources, such as plants, animals and microrganisms, are valuable inputs in the life sciences and TK associated with them is scientifically valuable and integral to the economic and cultural well-being of indigenous and local communities the world over.

A new international legal instrument developed within WIPO would address certain intellectual property questions related to access to, use of and benefit-sharing in these resources and knowledge systems. For example, one of the main ideas supported by many countries is that applicants for patents whose inventions use genetic resources and associated TK should disclose that fact and other related information in their patent applications.

This is referred to as a proposed new “patent disclosure requirement”. Other ideas include more extensive use of databases of information about genetic resources and TK that would be useful for patent examiners in avoiding the grant of erroneous patents.

Proponents for a new international legal instrument argue that it would harmonize diverse national systems, foster the sustainable development of indigenous and local communities, provide legal certainty and predictability for businesses, and improve the quality, effectiveness and transparency of the patent system.

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