Having been retained on the US Trade Representative's (USTR's) Priority Watch List alongside six other countries, the Indian government has undertaken an intellectual property review exercise to assess the risks to innovation and economic growth as posed by the USTR, reports The Pharma Letter’s India correspondent.
The USTR released a report last month that states India continues to be one of the most challenging major economies as far as intellectual property rights (IPR) protection and enforcement is concerned.
The US has placed six other countries - China, Indonesia, Argentina, Russia, Chile and Venezuela - on the Priority Watch List for lacking requisite IPR protection and enforcement, with the report highlighting the problematic Section 3(d) of India's patent law, which does not allow for provision of patents for incremental innovation.
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