labels: economy - general, world trade organisation
Government approves changes in TRIPS agreement news
18 January 2007
India has approved crucial amendments in the WTO agreement on trade-related intellectual property rights (TRIPS) enabling governments to break the monopoly of manufacturers of patented drugs by allowing compulsory licensing during emergencies.

At the Doha ministerial meeting in 2001, World Trade Organisation members had decided to amend article 31 of trips to provide compulsory licenses.

The decision to approve the amendment to article 31 of the TRIPS agreement was taken by the cabinet committee on WTO, external affairs minister Pranab Mukherjee said.

Mukherjee said most of the least developed countries, the main beneficiaries of the TRIPS amendment, have already approved the new patent regime. He said that India too had approved it.

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Government approves changes in TRIPS agreement