PM Modi in favour of amending India’s Patent Law at par with global parameters

“If we do not follow global parameters on intellectual property rights, then the world will not establish relationship with us.” said PM Modi inaugurating Global Exhibition on services.

Watch Modi’s speech (in Hindi) here (from 1:01mins-1:26mins)

 

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Need to bring our patent laws on par with global standards: Narendra Modi

  • Need to bring our patent laws on par with global standards: Narendra Modi
Prime Minister Modi at the Global Exhibition on Services in New Delhi on Thursday. Photo: PTI
Source: Livemint, 24 April 2015
New Delhi: India’s patent laws should be brought on par with global standards to make Asia’s third largest economy a hub for outsourced creative services, Prime Minister Narendra Modi said on Thursday, signalling a major shift in the government’s stand on the intellectual property rights (IPR) regime.
So far, India has maintained that its IPR regime is fully compliant with World Trade Organization rules and resisted pressure from the US and other developed countries to change its patent law.
“If we don’t work towards bringing our intellectual property rights at par with global parameters, then the world will not keep relations with us. If we give confidence to the world on IPR, then we can become a destination globally for their creative work,” Modi said, speaking at the first Global Exhibition on Services (GES), organized by the commerce ministry.
K.M. Gopakumar, a legal researcher with the Third World Network, a non-governmental organization, said there is only one global standard on IPR and that is TRIPS (trade related aspects of intellectual property rights) and India is already compliant with it. “We are definitely not at par with US and EU standards. I hope the prime minister did not mean such standards when he said we have to be at par with global standards,” he added.
Making Indian patent laws compliant with the standards of the developed countries will not bring in any investment to India and will instead make it a destination for exports, which will be against the prime minister’s Make in India initiative, said Gopakumar.
The US has urged India to strengthen its patent regime and has even threatened to downgrade its status for its “poor” record in protecting IPR.
Modi said the government will work towards liberalizing domestic services sectors such as finance and legal services.
“We have made some archaic laws. We should not be afraid of the rest of the world. We have to come out of that mentality. Why do we need to go outside the country for arbitration? Why should it not happen in India? Don’t we have good chartered accountants and lawyers here? Because we have made such laws. Some people think, if we open it up, some intelligent lawyers from outside will come to the country and take away our jobs. That is not going to happen,” Modi said.
Mint first reported on 6 April that the government is contemplating liberalizing legal services, including arbitration, on a reciprocal basis with other countries.
Modi said the government is also working towards financial-sector reforms to make India a hub for international financial activities to compete with financial centres such as Singapore and Mauritius.
The GES is expected to serve as a platform to enhance strategic cooperation and develop synergies between the players of the services sector in India and their global counterparts. India is targeting 10 focus sectors—information technology and telecom; tourism; media and entertainment; healthcare; logistics; professional services, including banking and financial services; education; research and development; space; and small firms in services.
Of the 63 countries participating in the exhibition, 39, including Pakistan, the UK and the US, have set up stalls.
While services contribute 57% of India’s nearly $2 trillion gross domestic product, net services exports were a meagre $73 billion in 2013-14, in which software exports alone accounted for $69 billion. India’s share of the global services trade is 3.2%, while China has 4.6%.

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New Patent Policy: Surrendering to US Industry Pressure

Source: Peoples Democracy

27 Apr 2015

AMONG notable hyper activities of Prime Minister Modi is his rush to change most important acts and policies of the country intended to please foreign corporate entities. One such move is to change our intellectual property rights system to make it more suitable to the US multinational giants. Several US agencies, prompted by the corporate giants, have been mounting pressure on India to amend its trade policies and even issuing threats that they would take measures against India very soon.

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Posted in TRIPS, TRIPS plus, US pressure on India, USITC | Tagged | Leave a comment

India-EFTA trade pact: Norway confident of progress in talks

27 Apr 2015

Source: Business Line

Norway is hopeful of progress in talks between India and EFTA member countries on a trade and economic partnership agreement, visiting Norwegian Minister for European Union Affairs Vidar Helgesen has said.

“A trade and economic partnership agreement (between India and EFTA) is very much on the table and not off the radar,” Helgesen toldBusinessLine after a meeting with Commerce Minister Nirmala Sitharaman in the Capital on Monday.

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European Commission push for IP provisions may restrict access to cheaper ‘Made in India’ generic medicines

Source: Times of India

14 April 2015

Fears over EU plan for strict drug patent regime

NEW DELHI: As Prime Minister Narendra Modi and German Chancellor Markel are set to discuss the India-EU free trade agreement, public health groups and Indian pharmaceutical companies are concerned that the European Commission may push for stringent patent regime for cheaper medicines manufactured at home.

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Modi visit will energise India-EU FTA talks: João Cravinho

Source: Business Standard

13 April 2015

Ahead of Prime Minister Narendra Modi’s visit to France and Germany from April 9 to 14, João Cravinho, ambassador of the European Union (EU), hopes this would be an opportune moment to pave the way to re-energise the stalled negotiations for an India-EU bilateral trade and investment agreement (BTIA). EU is keen to get the deal sealed at the earliest for the benefit of both sides, he tells Nayanima Basu. Edited excerpts:

What issues will the EU take up, now that PM Modi is visiting some of the key countries there and meeting their leaders?

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Section 3(d) pivots a health revolution

Source: The Asian Age

9 April 2015

The shrill opposition to India’s balanced patents law, particularly Sec. 3(d), hides the quiet revolution that the provision is inspiring across the developing world. The Philippines introduced their version of Sec. 3(d) in 2008.

Ten years ago, on April 4, 2005, the President of India gave his assent to the Patents (Amendment) Act, 2005. And with it, Section 3(d) came into India’s law lexicon. Within six months, in September 2005, the Cancer Patients Aid Association (CPAA) with legal aid and representation from the Lawyers Collective, filed the first public interest pre-grant opposition challenging Novartis’ patent application for a new form (beta crystalline) of Imatinib Mesylate. Section 3(d) was a key argument in that challenge. Little could anyone have known that this case and Section 3(d) would go on to capture the imagination of the world and become the epicentre in the global fight for access to affordable medicines.

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