FRIDAY, March 29, 2024
nationthailand

Cabinet urged to accept amendment to trips pact

Cabinet urged to accept amendment to trips pact

The Commerce Ministry will soon propose to the Cabinet that it ratify the 2005 amendment of the World Trade Organisation's Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement to promote growth of the pharmaceutical industry and export

 

The amendment makes permanent a waiver making it easier for poorer countries to obtain cheaper generic versions of patented medicines.
Under the existing TRIPS Agreement, certain clauses could hinder exports of pharmaceuticals manufactured under compulsory licences to countries that are unable to produce them.
However, the amendment must be ratified by twothirds of the WTO’s 157 members to take effect. To date, only 70 member states have done so, while at least 105 are required.
After a seminar organised by the Intellectual Property Department on the issue, participants from the drug industry, including producers and traders, as well as relevant govern
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