"India has consistently pointed out that the intellectual property right (IPR) legal regime in India is fully TRIPS compliant and that any issues to be discussed have to be discussed in bilateral forums like Trade Policy Forum (TPF)," an official statement said.
It said that India has refused to be subjected to unilateral action proposed by the US under the Special 301 report, an annual report on IPR under US Trade Act.
The joint statement, issued during Prime Minister Narendra Modi's visit to America, has said, "...The leaders committed to establish an annual high level IP Working Group with appropriate decision making and technical level meetings as a part of the TPF".
It also said that the joint statement issued merely reiterates whatever has existed in the earlier TPF.
IPR issues are critical for both the countries and India has been repeatedly raising the issue of copyright piracy and misappropriation of traditional knowledge with the US, it added.
"It is appropriate to mention that there already exists the Innovation and Creativity Focus Group in the TPF since 2010 to consult each other no less than twice a year on improving IPRs protection and enforcement, enhancing awareness of IPRs, fostering innovation and creativity, and increasing collaboration between US and Indian innovators," it said.
American companies, particularly from the pharma sector, had alleged that Indian IPR laws discriminate against US companies and violate global norms.
On April 30, the US had brought out the Special 301 report, an annual review of the global state of IPR protection and enforcement, in which it has classified India as a 'priority watch list country'.
On the report, India has said that the Special 301 process is a unilateral measure taken by the US under their Trade Act, 1974 to create pressure on countries to increase IPR protection beyond the TRIPS agreement.
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