Consider the following statements: The WIPO treaty aims to harmonize t...
- The WIPO treaty indeed aims to harmonize the rights of biodiverse countries and traditional wisdom with global Intellectual Property Rights.
- India's biodiversity and traditional knowledge gain recognition and protection under the treaty.
- The treaty includes a disclosure requirement for patent applicants to disclose the origin of genetic resources in their inventions.
View all questions of this test
Consider the following statements: The WIPO treaty aims to harmonize t...
Explanation:
WIPO Treaty:
The WIPO treaty, also known as the WIPO Intergovernmental Committee on Intellectual Property and Genetic Resources, Traditional Knowledge, and Folklore, aims to harmonize the rights of biodiverse countries and traditional wisdom with global Intellectual Property Rights.
Indias Rich Biodiversity and Traditional Knowledge:
India's rich biodiversity and traditional knowledge do gain recognition and protection under the WIPO treaty. This recognition is crucial for countries like India, which have a vast wealth of traditional knowledge and genetic resources that need to be safeguarded against misappropriation.
Disclosure Requirement:
One of the key provisions of the WIPO treaty is the inclusion of a disclosure requirement for patent applicants regarding the origin of genetic resources in claimed inventions. This requirement ensures that the origin and source of genetic resources used in patented inventions are properly documented and acknowledged, thereby preventing bio-piracy and ensuring fair benefit-sharing with the communities that hold traditional knowledge.
Therefore, all three statements given in the question are correct. The WIPO treaty indeed aims to harmonize the rights of biodiverse countries and traditional wisdom with global Intellectual Property Rights, India's rich biodiversity and traditional knowledge are recognized and protected under the treaty, and there is a disclosure requirement for patent applicants regarding the origin of genetic resources in claimed inventions.