India-EU Relationship: Recently, India and the European Union (EU) made notable progress in their ongoing Free Trade Agreement (FTA) negotiations, particularly in the area of Intellectual Property Rights (IPR).
o Article 27 of the Universal Declaration of Human Rights affirms the right to benefit from one's intellectual creations.
These rights are time-bound and ensure exclusive control over the use of the worko IPR in India: Administered by DPIIT under the Ministry of Commerce & Industry.
o Global Governance of IPR: WIPO (World Intellectual Property Organization) oversees global IP protection.
o Copyright: Protects literary, artistic, and musical works, including software and maps. Generally valid for 50 years after the author’s death.
o Trademarks: Distinctive signs, symbols, or names identifying products/services.
o Industrial Designs: Protects the aesthetic aspects of a product (shape, color, pattern).
o Geographical Indications (GI): Tags products linked to a specific location with unique qualities.
o Trade Secrets: Protects confidential information with commercial value from misuse.
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