Saturday, January 17, 2009

India to fight it out in WTO against EU over Patent Issues

India is considering to drag the European Union to WTO over the long standing dispute regarding Patents. India's 12 billion dollar pharmaceutical industry exports a major chunk of its produce to various western countries. But it always faces FLAK from the large MNCs which accuse the Indian pharma industry of patent infringement.

It is matter of great concern for the Commerce ministry as well as for the pharma industry which faces huge challenges of providing cheap drugs to its domestic as well as International markets.

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