New Delhi: India and Switzerland on Aug 7, inked a memorandum of understanding (MoU) on protection of Intellectual Property Rights (IPR). The MoU was inked by the Union Commerce Minister, Mr Kamal Nath, and the visiting Swiss Federal Counsellor and Minister of Economic Affairs, Ms Doris Leuthard. As per the MoU, a joint working group will be set up to answer to questions relating to intellectual property, such as preventing the production, distribution and sale of counterfeit products, as well as increasing awareness of the risks associated with these products.
India is not a country that anyway permits counterfeiting or production of fake products. It’s the credibility of India, which is important for the world to notice. On the progress made towards the proposed trade and investment agreement with EFTA countries (Iceland, Liechtenstein, Norway and Switzerland), Mr Nath said that the joint study group is likely to submit its report by November and that the talks are expected to start from December.
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