Stories Tagged 'Intellectual property'
The Ministry of Industry, Commerce and Supplies has started work to offer online registration and management of intellectual property (IP) in a bid to facilitate patent, trademark, design and copyright protection. The Patent, Design and Trademark Act 1965 and the Copyright Act 2002 govern IP cases. Violators face a maximum fine of Rs500,000.
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Counterfeit and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, according to the Organisation for Economic Co-operation and Development (OECD).
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In 2015, the United Nations adopted the 2030 Agenda for Sustainable Development which contains a set of 17 goals to end poverty and hunger, protect the world from environmental degradation and promote a prosperous, peaceful and inclusive world.
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