Trips Have Been Adopted with a View to Encourage Fair Competiotion at International Level
REGULATORY INSTITUTIONS OF THE WORD ECONOMY
Trade-Related Intellectual Property Rights (Trips) Have Been Adopted With A View To Encourage Fair Competition At The International Level, But Trips Rules Tilt The Balance In Favour Of Imperfect Competition With Each Country And Exacerbates International Inequalities. (Discussion With Reference To Pharmaceutical Industry)
Name of Lecturer : Rajendran K S Name of Student : Nilesh Singh Date of Submission : 6 May 2011
Table of Contents
1. | Introduction | 3 | | 1.1 Main Objective of This Essay | 3 | 2. | Role of TRIPs in International Market | 3 | 3. | Why Intellectual Property Rights (IPRs) is Important? | 4 | 4. | Reason …show more content…
4 Reason of Flexibility in TRIPs
TRIPS limited the use of compulsory parallel imports and licensing. Article 31 of TRIPS, parallel imports and licensing are allowed only when there is some kind of emergency like national emergencies and in order to protect health of people of nation.
Above all example of TRIPs shows that TRIPs brought drastic change in emerging countries IPR rules and regulations. TRIPS provide flexibilities to poor’s countries so that the availability to affordable life-saving drugs and medicines are easily available. It protects access during national emergencies and public health crises.
4.1 Effect of Strong