Cabinet approves MoU between India and Canada on IPRs
The Union Cabinet has approved Memorandum of Understanding (MoU) between India and Canada to establish bilateral cooperation activities in field of Intellectual Property (IP). The MoU was signed in February 2018 and is intended to promote innovation, creativity and economic growth in both countries.
Key Features of MoU
The MoU establishes broad and flexible framework through which both countries can exchange best practices and work together on training programs and technical exchanges to raise awareness on IPRs and better protect intellectual property rights (IPRs).
It will facilitate exchange of best practices, experiences and knowledge on raising IP awareness among public, businesses and educational institutions of both countries. It will allow exchange of experts for interacting with human resources engaged in specialized IP fields.
It will facilitate cooperation in development of automation arid implementation of modernization projects, new and existing documentation and information systems in IP and procedures for management of IP. It will assist in protecting traditional knowledge.