Question : The government has recently(July 2021) sought suggestions from stakeholders and industry bodies on intellectual property rights (IPR) issues in the proposed India-UK Enhanced Trade Partnership. By what period does the formal ‘ Enhanced Trade Partnership’ set a target of doubling the current value of India-UK trade ?
a. By 2030
b. by 2025
c. by 2023
d. by 2027
Ans. a.
Related facts —
- The government has recently(July 2021) sought suggestions from stakeholders and industry bodies on IPR issues in the proposed India-UK Enhanced Trade Partnership.
- It is notable that India and the UK agreed to a new Enhanced Trade Partnership on May 2021 for doubling and enhancing bilateral trade by 2030.
- According to DPIIT, IPR plays a critical role and this agreement would be of significant importance to IP intensive industries, both creative and technology driven.
- DPIIT stands for – Department for Promotion of Industry and Internal Trade.
- The DPIIT is carrying out consultations on future trade negotiations between India and UK, which will last for a period of one month.
- In this context stakeholders have been asked to submit the details latest by August 10, 2021.
- The DPIIT has asked stakeholders to furnish details on the intellectual property rights areas which are of “prime considerations” such as patent, trademark, copyright, design, geographical indications, enforcement, commercialization and technology transfer, and regulatory approval.