Trips Agreement In Myanmar

- December 19, 2020

Overseas copyright laws are not currently recognized – under the Myanmar Copyright Act of 1914. This is replaced by the new Copyright Act, which protects works created by nationals of countries also members of the TRIPS agreement. In order to promote the development of science and technology and to more effectively strengthen the development of the state, the State Council for the Restoration of Public Order created the Ministry of Science and Technology in accordance with Declaration 33/96 of 2 October. The Ministry of Science and Technology is a central ministry that is responsible for promoting new IP systems compatible with international agreements and agreements, including the TRIPS agreement. The ministry`s office is located in the building (21), Nay Pyi Taw. Unlike other IP agreements, TRIPS have an effective enforcement mechanism. States can be disciplined by the WTO dispute settlement mechanism. In addition to the basic intellectual property standards set out in the TRIPS agreement, many nations have committed to bilateral agreements to adopt a higher level of protection. This collection of standards, known as TRIPS or TRIPS-Plus, can take many forms. [20] The general objectives of these agreements are that foreign investors should be aware that Myanmar has already signed the World Trade Organization (WTO) agreement on aspects of intellectual property rights affecting trade, the 1994 TRIPS Agreement. This agreement and Annex 1C of the Marrakesh agreement establishing the World Trade Organization contain important details.

This is known as the “WTO Agreement,” concluded in April 1994 and entered into force on 1 January 1995. The TRIPS agreement binds all WTO members and, as I said, Myanmar is a member. See also the reference to the Nice agreement. The Agreement on Trade-Related Intellectual Property Rights (TRIPS) is an agreement of international law between all World Trade Organization (WTO) member states. It sets minimum standards for the regulation of different forms of intellectual property by national governments, as is the case for nationals of other WTO member states. [3] The TRIPS agreement was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990[4] and is managed by the WTO. Trips-plus conditions, which impose standards beyond TRIPS, have also been verified. [38] These free trade agreements contain conditions that limit the ability of governments to introduce competition for generic drug manufacturers. In particular, the United States has been criticized for promoting protection far beyond the standards prescribed by the TRIPS.