Would the presence of Patent right, help the developing countries move as fast?

  1. GreenPrince profile image75
    GreenPrinceposted 4 years ago

    Would the presence of Patent right, help the developing countries move as fast?

  2. pramodgokhale profile image46
    pramodgokhaleposted 4 years ago

    Sir,
    Yes their product and many geographical indicators must be protected otherwise being genuinely owned indicators they will lose on royalties plus market also.
    I am an Indian, long back we fought battle against USA for patent right of Turmeric and Basmati Rice. We produce these items for thousand of years and have full text of its origin. We won the battle because USA has no such evidences to prove ownership.
    Developing nations should form a group to protect their patents and items so they will not lose income by way of royalties .
    Recently one European drug manufacturer claimed  knowledge of Cumming seed(JIra Indian Name) We produce on mass scale and part of our spicy food and Indian government strongly protested against such  move. We will not allow them to claim patents and will fight litigation
    with  international arbitrator

    Unfortunately poor nations have limitations to  do so.MNC s are capable to manage governments and authorities in developing nations(kickbacks--wine and dine)
    To move fast or slow depends on initiative by developing nations and their regimes.
    very interesting and important question. thank you once again.

    1. GreenPrince profile image75
      GreenPrinceposted 4 years agoin reply to this

      Thanks for the cases you sited .

 
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