December 3, 2020
1 min read

India, US join hands for IP cooperation

India and the US have entered into a Memorandum of Understanding (MoU) in the field of Intellectual Property cooperation.

Accordingly, the MoU is expected to facilitate exchange and dissemination of ‘best practices, experiences and knowledge on IP’.

Earlier, the Union Cabinet had given the approval for signing the MoU with United States Patent and Trademark Office (USPTO) in the field of IP cooperation.

“The MoU aims at increasing IP cooperation between the two countries by way of facilitating exchange and dissemination of best practices, experiences and knowledge on IP among the public, and between and among the industry, universities, research and development (R&D) organisations, and small and medium-sized enterprises through participation in programs and events organised singly or jointly by the participants,” an official communique said on Thursday.

It encompsses collaboration in training programmes, exchange of experts, technical exchanges and outreach activities. exchange of information and best practices on processes for registration and examination of applications for patents, trademarks, copyrights, geographical indications, and industrial designs, as well as the protection, enforcement and use of IP rights.

According to the communique, the two side will draw up a biennial work plan’ to implement the MoU which will include the detailed planning for carrying out of the co-operation activities including the scope of action.

“The MoU will go a long way in fostering the cooperation between India and USA, and provide opportunities to both countries to learn from the experience of each other, especially in terms of best practices followed in the other country,” it said.

“It will be a landmark step forward in India’s journey towards becoming a major player in global innovation and will further the objectives of National IPR Policy, 2016.”

Also Read: EU reveals plan to enhance US ties

Also Read: US varsities demand $120bn Covid-19 aid

Previous Story

‘Vaccine would be free and voluntary’

Next Story

India Daily Digital – December 3, 2020 – Rajni Read For Political Plunge

Latest from -Top News

Pakistan in the Dark: Power Crisis Boils Over

Regular power outages are a fact of life in Pakistan, but recent developments suggest that the situation is escalating to new extremes….writes Nasir Khattak In early January 2025, a nerve-breaking power outage

Modi, MBZ talk big ties

The call reaffirmed their keenness to “strengthen relations in line with their shared vision to leverage opportunities and deepen strategic cooperation.”…reports Asian Lite News In a significant diplomatic engagement, Prime Minister Narendra

It’s Official: Trump Slaps 25% Tariff on India

Trump issues executive order formalising India’s tariff at 25 pc…reports Asian Lite News New York, Aug 1 (IANS) As the deadline for tariffs neared, US President Donald Trump imposed the threatened tariff

Balochistan not for sale, Trump told

Mir Yar Baloch asserted that Trump’s recognition of the oil and mineral reserves in the region is “indeed accurate.”…reports Asian Lite News Just after US President Donald Trump announced to help Pakistan
Go toTop