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|Title: ||PCT System and Its Impact on the Developing Countries|
|Authors: ||Ranjan, Rajeev|
|Issue Date: ||Jan-2003|
|Abstract: || Protection and enforcement of intellectual property rights (IPR) are major components of international economic trade and scientific cooperation, and the Patent Cooperation Treaty (PCT) has ushered an era of international cooperation in the diverse international property systems with reference to patents. The paper discusses about the benefits of the PCT system under which the filing of one international patent application leads to protection in several countries. Emergence of PCT system and its benefits, e.g. long term gains, availability of best technology, faster industrial progress and development, increase in the foreign direct investment (FDI), and raising the level of patent work in the country, are discussed in detail. The developing and the least developed countries have also benefited from the PCT and account for the majority of the 117 members. Among the developing countries, India has also gained substantially and holds the third position in international filing of patent applications and the Council of Scientific & Industrial Research (CSIR) is second to Biowindow Gene Development Inc from China. The paper also discusses briefly about the PCT reforms and automation to make the system more useful and beneficial. |
|ISSN: ||0975-1076 (Online); 0971-7544 (Print)|
|Appears in Collections:||JIPR Vol.08(1) [January 2003]|
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