The FINANCIAL — At the meeting of the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 15-16 October 2020, WTO members discussed how best to use the global intellectual property (IP) system to tackle the COVID-19 pandemic. Members also discussed the extension of the transitional period for least developed countries (LDCs) to implement the TRIPS Agreement and a new proposal on the competitiveness of micro, small and medium enterprises (MSMEs) through the protection of IP rights. Some 40 members engaged in a substantive discussion on a proposal submitted by India and South Africa for a temporary waiver of…
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