IP protection of traditional knowledge and folklore sought by China

Countries such as China, India and Brazil, want the WTO to set up a system to control how corporations, scientists and others in the developed world use of a nation’s native plants, animals and centuries-old knowledge to make pharmaceuticals, the Wall Street Journal said.

There is growing concern in these nations that the next blockbuster drug might be derived from a plant or animal species in their jungles through so-called “biopiracy” for which they may not get any financial benefit.

Read more here.

This entry was posted in Uncategorized and tagged . Bookmark the permalink.