Bangladesh, Feb. 3 -- Bangladesh seeks to extend the TRIPS privileges well into its post-LDC era to safeguard the local pharma industry from the tough global patent regime.
Commerce ministry high officials said they would urge the World Trade Organization to waive TRIPS-related obligations for Bangladesh even after its graduation from the least developed country (LDC) category.
Launched in 1994, the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement sets global minimum standards for the protection of intellectual property rights.
All the member states of the global trade body are obliged to comply with the TRIPS agreement.
However, the LDCs were granted a transition period to comply with the agreement which has been...