Bangladesh calls for time extension for LDCs to manufacture patented drugs

08:08, July 20, 2010      

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Bangladeshi Prime Minister Sheikh Hasina Monday made a plea to the World Intellectual Property Organization (WIPO), a United Nations agency, for another fifteen years' waiver from intellectual property rights regime for the least developed countries (LDCs) to manufacture patented pharma products.

LDCs including Bangladesh can continue to produce patented pharma products until 2016 as per trade related intellectual property rights (TRIPS) which the European Union signed during the World Trade Organization Uruguay Round multilateral negotiations ( 1986-1994).

Under the TRIPS, pharmaceutical industries of LDCs are now legally allowed to reverse engineer, manufacture and sell generic versions of on-patent pharmaceutical products for domestic consumption as well as export.

Hasina made plea to the WIPO at the inaugural ceremony of a two- day "Regional Forum on Intellectual Property for the Policy Makers of the Least Developed Countries of Asia and the Pacific Region" in Dhaka.

She said, "I hope the waiver, which is expected to expire within a few years' time, would be extended by WIPO to another fifteen years for the interest of the LDCs."



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