India's Patent Strategy Changes in 1991

Study Notes

India's Patent System and Changes in Strategy

India's change in patent strategy was influenced by the economic reforms and liberalization in 1991.
The U.S. places India on the "priority watch list" in the special 301 report, which aims to guide citizens on investment opportunities.
Nirmala Sitharaman clarifies that the 301 report is an internal government document and not binding on India internationally.
India faces compliance deadlines for TRIPS (Trade-Related Aspects of Intellectual Property Rights) under the WTO's Dispute Settlement Body.
TRIPS mandated India to introduce product patents for pharmaceutical and agricultural chemical products.
The objective of TRIPS was upward harmonization, aiming to strengthen intellectual property rights globally.
The harmonization aimed to establish uniform minimum standards for intellectual property rights worldwide.
India's patent system has evolved, with the duration changing from 16 years before independence to 14 years now.
Product patents were previously applicable universally but now are limited to food, drugs, agrochemicals, and alloys.
The text mentions a summary slide related to patents, but the details are not elaborated upon.
The text seems to transition to a different topic or section involving a "Unit I" with a scenario about a company.
The text ends abruptly with the notation "7* 2 = 14," which seems disconnected from the preceding content.

Description

Test your knowledge of India's patent strategy changes in 1991 and its implications for international trade with this quiz. Explore topics such as economic reforms, liberalization, US trade policies, and the impact on investment opportunities.