SouthViews No. 50, 12 December 2012
LDCs seek exemption from WTO TRIPS agreement
By Kanaga Raja
The Least Developed Countries (LDCs) have submitted a “duly motivated” request to the WTO TRIPS Council for an extension of the transition period for them to comply with the TRIPS Agreement “for as long as the WTO Member remains a least developed country”.
A proposed draft decision annexed to their request states that: “Least developed country Members shall not be required to apply the provisions of the Agreement, other than Articles 3, 4 and 5, until they cease to be a least developed country Member.”
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This article was tagged: Least Developed Countries (LDCs), TRIPS, TRIPS Agreement, World Trade Organization (WTO), WTO