While India’s economic ascent has been nothing short of miraculous, it is imperative that India take into account the importance of ensuring adequate IP rights as they consider expanding their trade and investment relationships globally.
With the addition of Canada and Mexico to the Trans-Pacific Partnership (TPP) trade agreement negotiations and the continuing need for a high-standard IP chapter in the TPP, the event underlined how critical it is for the United States, Canada, and Mexico to work together cooperatively – both at home and during negotiations on the TPP – on protecting and enforcing IP rights.
Up to 10% of medicines worldwide are counterfeit, costing the pharmaceutical industry $46 billion a year.
