Innovation, IPR Cooperation Among Top Priorities For BRICS

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The trade ministers of Brazil, Russia, India, China and South Africa (BRICS) today concluded a framework for cooperation that includes innovation and intellectual property rights, but separately.

The ministers met for the third time today on the eve of the fifth BRICS summit, being held in Durban, South Africa.

The ministers’ trade and investment cooperation framework is available here [pdf]. Their communique is available here [pdf].

Among the areas of agreement was to continue to work within the multilateral context, including moving forward on the World Trade Organization Doha Round talks. They also suggested closer relations between the WTO and the UN Conference on Trade and Sustainable Development (UNCTAD), and vowed to keep participating at the World Intellectual Property Organization, among other institutions.

On innovation, the cooperation framework states:

“Innovation Cooperation
4.3.1 Establishing project platforms to promote communication and cooperation in high technology areas.
4.3.2 Encouraging the expansion of trade and investment in high value-added products.
4.3.3 Advancing dialogue and communications in emerging industries, and promoting trade
and investment in industries that are technology-, knowledge-, or capital- intensive.”

On intellectual property rights, it states:

“4.5 Cooperation on Intellectual Property Rights (IPR)
4.5.1 Enhancing information exchange on IPR legislation and enforcement through
meetings or seminars.
4.5.2 Jointly developing capacity building programmes in the IPR area.
4.5.3 Promoting cooperation among IPR offices.”

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