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Cabinet approves MoU between India and Canada on IPRs

Capital Market 

The chaired by Shri has given its ex-post approval for the (MoU) between and The was signed on 23rd February, 2018 to establish bilateral cooperation activities in the field of Intellectual Property (IP). The is intended to promote innovation, creativity and economic growth in both countries.

The establishes a broad and flexible framework through which both countries can exchange best practices and work together on training programs and technical exchanges to raise awareness on IPRs and better protect intellectual property rights (IPRs).

The priority initiatives under the MoU include:

i. Exchange of best practices, experiences and knowledge on how to raise IP awareness among the public, businesses and educational institutions of both countries;

ii. Exchange of experts for interacting with the human resources engaged in specialized IP fields;


Exchange and dissemination of best practices, experiences and knowledge on IP with industry, Universities, research and development organizations and Small and (SMEs) through participation in programs, training, and events, organised singly or jointly by the participants;

iv. Cooperation in the development of automation arid implementation of modernization projects, new and existing documentation and information systems in IP and procedures for management of IP;

v. Cooperation to understand how traditional knowledge is protected; and the exchange of best practices, including traditional knowledge related data bases and awareness raising of existing IP systems;

vi. Collaboration in IP related training for local IP and business communities, and

vii. Any other cooperation activities they may mutually decide uponwithin the scope of this MoU.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 29 2018. 09:28 IST