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Compulsory Licensing TRIPS vs Public Health & Information Technology Agreement (ITA) of WTO Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams

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FAQs on Compulsory Licensing TRIPS vs Public Health & Information Technology Agreement (ITA) of WTO Video Lecture - Indian Economy for Government Exams (Hindi) - Bank Exams

1. What is the TRIPS agreement and how does it relate to compulsory licensing?
Ans. The TRIPS agreement, which stands for Trade-Related Aspects of Intellectual Property Rights, is an international treaty administered by the World Trade Organization (WTO). It sets out minimum standards for protection and enforcement of intellectual property rights, including patents. Compulsory licensing, on the other hand, is a provision within the TRIPS agreement that allows governments to grant licenses to third parties to produce patented products or use patented processes without the consent of the patent holder. This measure can be taken in certain circumstances, such as to safeguard public health.
2. What is the Public Health and Information Technology Agreement (ITA) of the WTO?
Ans. The Information Technology Agreement (ITA) is an agreement within the framework of the World Trade Organization (WTO) that aims to eliminate tariffs on certain information technology products. It was established in 1996 and covers a wide range of products, including computers, telecommunication equipment, semiconductors, and software. The agreement seeks to promote global trade and facilitate access to information technology products for all member countries.
3. How does compulsory licensing under the TRIPS agreement benefit public health?
Ans. Compulsory licensing under the TRIPS agreement can benefit public health by allowing governments to ensure access to essential medicines at affordable prices. By granting licenses to third parties, governments can encourage competition and increase the supply of patented medicines, which can lead to lower prices. This measure is particularly important for developing countries that may face challenges in accessing expensive patented drugs, especially those needed to combat public health emergencies or treat widespread diseases.
4. Does the Public Health and Information Technology Agreement (ITA) of the WTO include provisions for compulsory licensing?
Ans. No, the Public Health and Information Technology Agreement (ITA) of the WTO does not include provisions for compulsory licensing. The ITA focuses solely on the elimination of tariffs on information technology products to promote trade in this sector. Compulsory licensing, on the other hand, is a provision within the TRIPS agreement, which covers a broader range of intellectual property rights, including patents, copyrights, and trademarks.
5. Are there any conflicts between the TRIPS agreement and the Public Health and Information Technology Agreement (ITA) of the WTO?
Ans. While there may not be direct conflicts between the TRIPS agreement and the ITA, there can be indirect implications for public health. The TRIPS agreement, with its provision for compulsory licensing, allows governments to prioritize public health needs by ensuring access to affordable medicines. On the other hand, the ITA's focus on eliminating tariffs on information technology products promotes trade but may not directly address public health concerns. Therefore, finding a balance between these agreements is crucial to ensure both access to medicines and the promotion of information technology trade.
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