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LDCs seek exemption from WTO TRIPS agreement
The Least Developed Countries (LDCs) have submitted a "duly motivated" request to the WTO TRIPS Council for an extension of the transition period for them to comply with the TRIPS Agreement "for as long as the WTO Member remains a least developed country".

A proposed draft decision annexed to their request states that: "Least developed country Members shall not be required to apply the provisions of the Agreement, other than Articles 3, 4 and 5, until they cease to be a least developed country Member."

The request was submitted by Haiti, on behalf of the LDCs, at a meeting of the TRIPS Council on 6-7 November. In introducing its request, Haiti asked for this issue to be put on the agenda of the next TRIPS Council meeting (scheduled to take place next March).

The request for the extension of the transitional period is under Article 66.1 of the TRIPS Agreement.

Read full story on SouthViews
   
Story Source Link: http://www.southcentre.org/index.php?option=com_content&view=article&id=1900%3Aldcs-seek-exemption-from-wto-trips-agreement-12-december-2012&catid=150%3Asouthviews&Itemid=358&lang=en