India-US discuss IP issues
FICCI is committed to exploring areas of cooperation and partnership to establish a favourable innovation and IP ecosystem in India, an India-US dialogue session was told on 4 Dec 2020.
The ecosystem will address IP concerns of the Indian-American business community in order to boost dynamic bilateral trade and economic relations,” Narendra Sabharwal, Chair, FICCI IPR Committee said at the ‘3rd edition of India-US IP Dialogue: Opportunities for US – India Collaboration’.
“The need is to re-ignite the engine of economic recovery and growth in both the counties through IP-led innovation,” he said.
The dialogue enabled both sides to discuss several important areas in an open and transparent manner.
With India and the United States, two leading world economies becoming global strategic partners, it is in the interest of both countries to continuously engage in bilateral IP issues for mutual interest, said FICCI in a release.
Organized by FICCI, jointly with the US Chamber of Commerce, the India-US IP dialogue has proved to be extremely fruitful in deliberating bilateral and global issues on intellectual property, while reaffirming the resolve on both sides to identify and explore pragmatic solutions to challenges and concerns.
Innovations supported by IP is a key to mitigating the COVID-19 challenge by way of strengthening healthcare systems, fostering science and technology development, and managing accessibility and affordability of healthcare, said FICCI.
India has a robust and balanced IP system which keeps in view national development priorities and concerns while conforming to international commitments, added FICCI.
The National IPR Policy 2016 lays down a comprehensive road map for the overall future development of India’s IP system.
Focused bilateral interactions periodically, like the India-US IP Dialogue, provides the much-needed occasion for constructive engagement on a range of IP issues of interest to India and the US, helping further strengthening of Indo-US economic partnership, it said.
The discussions brought together experts and thought leaders from both the countries, including officials from the Department for Promotion of Industry & Internal Trade, U.S. Department of State, U.S. Patent & Trademark Office and Office of the U.S. Trade Representative, stakeholders from industry, academia and the legal fraternity to deliberate upon the bilateral IP issues of mutual interest.
The deliberations were on a range of topics like the significance of innovation and public-private partnership in confronting the ongoing pandemic, dealing with trademark and copyright enforcement issues, IP licensing & commercialisation and the growing relevance of trade secrets in the digital age. #economy #patent #investment #skill /fiinews.com
