India – Denmark sign MoU on Intellectual Property Cooperation-Current Affairs

India – Denmark sign MoU on Intellectual Property Cooperation-Current Affairs: The Department for Promotion of Industry and Internal Trade (DPIIT) and Ministry of Commerce and Industry, Business and Financial Affairs signed a Memorandum of Understanding on Intellectual Property Cooperation on 26 September 2020. In India, this is a big move towards being a major player in global innovation and advancing the goals of the 2016 National IPR Policy.

Highlights Of MOU between India and Denmark

The countries have signed the following agreement

  • Exchange of best practices experiences and IP awareness information between public, political, industry, academic, and educational organizations in both countries.
  • The countries will operate closely Training programs, specialist exchange, professional conferences, and outreach activities.
  • They will exchange full information about the process disposal of applications for patents, trademarks, industrial designs, and Geographical Indications, as also the protection, enforcement, and use of IP rights.
  • The countries will cooperate and understand about how Traditional Knowledge is protected.
  • They will exchange full information about the development of automation and the implementation of modernization projects.

National IPR Policy, 2016

The Union Cabinet has approved the National Intellectual Property Rights (IPR) Policy on 12th May 2016 that will settle the future roadmap for IPRs in India. The theme of National IPR Policy is “Creative India; Innovative India- रचनात्मक भारतअभिनव भारत  

Mission Statement National IPR Policy, 2016

  • Encourage creativity and innovation.
  • Promoting industry and enhancing socio-economic and cultural growth.
  • focus on expanding access to healthcare, food security, and environmental protection, among other economic and technological importance.

Ease of Doing Business (EODB) 2020

According to the World Bank’s annual report on the Ease of Doing Business (EODB) India, India ranks 63rd out of 190 countries.

TRIPS Agreement

India is a WTO (World Trade Organisation) participant and a signatory to the WTO TRIPS. The TRIPS Agreement has come into effect on 1 January 1995.TRIPS is an intellectual property trade aspect.

Who is the Minister of Railways & Commerce and Industry?

Shri Piyush Goyal is the Minister of Railways and Minister of Commerce & Industry in the Government of India. He is currently a Member of Parliament for Rajya Sabha from the state of Maharashtra. and the Deputy Leader of Rajya Sabha

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