Standards/ TBTs / IPR-Market Access
Commerce and Industry Minister called for waiver of Intellectual Property Rights (IPR) in World Trade Organization (WTO) and dismantling new trade barriers in the global fight against the Covid-19 pandemic. In October 2020, India and South Africa had submitted the first proposal, suggesting a waiver for all WTO members on the implementation of certain provisions of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) in relation to the prevention, containment, or treatment of Covid-19. In May, a revised proposal was submitted by 62 co-sponsors, including India, South Africa, and Indonesia. The TRIPS agreement came into effect in January 1995.
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