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WTO Exemptions To Give Leg-Up To Bangladeshi, Indian Firms?

 
• By Anju Ghangurde

The WTO Council's recent decision to grant least-developed country members an exemption from implementing intellectual property provisions, such as patents, on medicines is expected to give Bangladesh's up-and-coming pharma industry valuable buffer time to catch up with and possibly take on rivals in the region.

A 17-year extension on implementing intellectual property (IP) provisions that has been granted to least-developed countries (LDCs) by the World Trade Organization Council, some experts say, could allow pharma firms in Bangladesh to catch up with some of their regional rivals.

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