Start negotiations with members of WTO to secure TRIPS waiver: Debapriya

    Bangladesh should start intensive negotiations with members of the World Trade Organization (WTO) to secure benefits from the commercial aspects of intellectual property rights (TRIPS) even after the country’s financial graduation in 2026, economist Debriya said today. Bhattacharya.

    The WTO General Council will discuss the issue of extending the TRIPS benefit to the least developed countries (LDCs) and LDC graduates at a meeting in Geneva on 26-27 July.

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    “Λαν Bangladesh – in view of the forthcoming General Council meeting – must make a strong negotiating effort and show the necessary political initiative,” said Batahargia, also Bangladesh’s former ambassador to the WTO.

    He spoke in a virtual discussion with a group of journalists.

    If Bangladesh fails to make good progress in securing the TRIPS facility at the next meeting, the country should raise the issue at the next Ministerial Conference (MC) -12 to be held between 30 November and 3 December this year.

    However, in the run-up to the MC-12, the WRO summit is also quite short, said Bhattacharya, who is also a member of the United Nations Development Policy Committee (CDP) and a distinguished fellow of the Policy Dialogue Center (CPD). ).

    Thus, Bangladesh must take a strong political initiative and Bangladesh’s missions abroad to some important destinations such as Washington, Brussels, London, Paris and Tokyo will also have to play very active roles in the coming days until the next general assembly of the council, so that the country can support the expansion of TRIPS after 2026 and beyond.

    Newsvibe24 Source