Current Affairs PDF Sales

First India-EU IPR dialogue 2021 held Virtually to Enhance Cooperation in Intellectual Property Rights

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

First India-EU IPR dialogueOn January 19, 2021, the 1st India-EU IPR dialogue 2021 was held virtually between European Union (EU) Commission and Department for Promotion of Industry and Internal Trade (DPIIT) to discuss key Intellectual Property Rights (IPR) issues affecting businesses.

  • The dialogue saw the exchange of information in specific areas of IP.

Prime Info about India-EU IPR dialogue 2021:

Hosts DPIIT and EU commission
Co-Chairs Ravinder, Joint Secretary, DPIIT

Carlo Pettinato, Head of Unit Investment & IP, Director General (DG) Trade, EU

Aim To further strengthen the relation of both economies

To facilitate enhanced cooperation in the field of IPR

Key Points:

–Indian side gave a general review on the IPR developments inclined with National IPR policy 2016 which resulted in legislative reforms to stimulate innovation and creativity among start-ups and MSMEs (Micro, Small & Medium Enterprises).

–The other side also provided the overview of various activities being undertaken by them including IPRs in relation to Free Trade Agreements as well as effective enforcement of Intellectual Property Rights.

–In order to cater the recent needs of an industry, the EU showcased its recent directive on Copyright in the digital market while Indian side provided an update on reduced pendency on trademarks.

–Discussions were also held on plant protection and farmer’s right and their importance for Indian economy.

Participants: Senior government functionaries from Ministry of External Affairs (MEA), Ministry of Home Affairs (MHA), Ministry of Agriculture, Department of Health and Department of Revenue from the Indian side, and several Directorate Generals of European Commission, from EU side.

What are IPRs?

These are the rights given to persons for their intellect including creativity concepts, inventions, industrial models, trademarks, songs, literature, symbols, names, brands, etc. These rights are legally protected thereby enabling the relevant person to restrict the use or tampering of the product without his/her prior permission.

Recent Related News:

i.Union Cabinet has also approved 100 per cent FDI in the DTH broadcasting services sector.The cap of 49% Foreign Direct Investment(FDI) in the existing DTH guidelines will be aligned with the extant DPIIT’s policy on FDl as amended from time to time.

ii.DPIIT in its Foreign Direct Investment(FDI) data has listed out the top investing countries FDI(Foreign Direct Investment) equity inflows in India during April-September 2020. Singapore has invested Rs 62,084 crore(USD 8.30 billion) into India, which makes it the biggest source of FDI into India.

About Department for Promotion of Industry and Internal Trade (DPIIT):
Parent Ministry– Ministry of Commerce and Industry
Secretary – Guruprasad Mohapatra