Intellectual Property Rights

Ideas and information have gained a tremendous importance in the realm of trade. The worth of new technology products lies in the invention, innovation, research, design and testing involved in them. Not only Industrial or artisanal products but for that matter any kind of production and consumption based industry are able to keep their business rolling because of the uniqueness and creativity they contain, and not necessarily because of the raw material that is used in their production. Many products that used to be traded as low-technology goods or commodities now contain a higher proportion of innovation and design in their form and. Herein comes the question of patenting the individual’s ideas and most importantly the very output of the industry for the very reason that the authenticity of the creator remains untouched.

The extent of protection and enforcement of rights vary widely; and as intellectual property has become more important in trade, these differences became a source of upheaval in international economic relations. The WTO’s TRIPS Agreement is an attempt to narrow the gaps in the way that these rights are protected all over, and to bring them under common international rules. It establishes minimum levels of protection that each government has to give to the intellectual property of fellow WTO members. In doing so, it strikes a balance between the long-term benefits and possible short-term costs to society. Society benefits in the long term when intellectual property protection encourages creation and invention, especially when the period of protection expires and the creations and inventions enter the public sphere. IPR protection plays a key role in gaining competitive advantage through unique technological gains for achieving higher economic growth in a market driven economy.

Experts working with ACDS team are putting efforts in spreading awareness regarding IPR and issues attached with it. MSME’s are informed about the registration process and benefit attached with it. ACDS is also supporting registration Geographical Indicators.