Patent regime: US retains India on ‘priority watch list’
[ad_1] NEW DELHI: The US has retained India on its "Priority Watch List," citing "inconsistent progress" in the protection and enforcement of intellectual property rights (IPR) and describing the country as one of the "most challenging major economies" on IPR.Apart from India, China, Indonesia, Russia, Argentina and Venezuela are among the countries under "priority watch."While citing concerns over the patent regime - from revocations to discretionary invocation of patentability criteria and delays - the US Trade Representative in its latest Special 301 Report also pointed to some of the gains it made. For instance, there was a word of praise for the special IPR benches in high courts as well as the Patent (Amendment) Rules notified last year. The report, however, said that stakeholders continued to express concerns over vagueness in the interpretation of the Indian Patents Act.At the same […]