Intellectual Property Rights (IPR) is one of the key areas identified by JETCO (UK-India Joint Economic and Trade Committee) as providing potential for increased trade and investment in the future.
Lord Sainsbury said
'I am very pleased that India and the UK have signed this Joint Statement of Intent relating to Intellectual Property Rights. Intellectual property is of great importance in enabling successful innovation, economic growth and partnerships in research and investment to take place.
'This statement formalises the commitment in both countries to creating the conditions for mutually beneficial trade and industry relations which reflect the profound changes brought about by the global knowledge economy.'
Ron Marchant Chief Executive of The Patent Office, said
'The activities identified in this Statement will enable both countries to share their experiences. It will ensure businesses are able to make best use of IPRs, that intellectual property is taught appropriately at Universities, and that our Patent Offices are effective in meeting the needs of our respective Governments, business communities, and societies.
'The UK and India are well placed to develop this cooperation based on their existing partnership within the Joint Economic and Trade Committee.'
Related links to this article:
The Patent Office
Department of Trade & Industry
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Source: K2 Advisory