Islands Business journal turns spotlight on Intellectual Property Rights and the WTO / WIPO Regional Impact
Date: Sun, 2008-09-07
Islands Business journal turns spotlight on Intellectual Property Rights and the WTO / WIPO Regional Impact
LESSEN OBSESSION WITH WTO AND TRIPS
September 7, 2008 − Suva, Fiji −−If a country like India with all its financial resources cannot defend its own basmati rice from being patented by a US company in 2000, then how can one expect countries in the Pacific to defend their innovation, asks Dr David Martin, founding CEO of US-based M·Cam Inc.
The point he was trying to make, as he spoke to ISLANDS BUSINESS, was that there was a misconception in the Pacific region that if all legal systems and right ministers were in place to ensure a healthy, workable Intellectual Property Rights regime, the economy would flourish.
Countries like India and Denmark, he continued, were finding out just how much that belief was costing them. And the Pacific, instead of blindly adopting international trade rules dished out through mechanisms like the WTO’s Trade Related Aspects of Intellectual Property Rights (TRIPs) and the UN’s WIPO (World Intellectual Property Organisation), might want to change its approach to the issue of Intellectual Property Rights (IPR).
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