India, USA sign MoU on Intellectual Property cooperation

The MoU will enable the sharing of knowledge and expertise between IP industry stakeholders

It will encourage training, research and development programs for the enhanced protection of IP rights of citizens and companies

Furthering objectives outlined in the National IPR Policy, 2016, the MoU will help India in becoming a global innovation hub

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India’s Department for Promotion of Industry and Internal Trade (DPIIT) and the United States Patent and Trademark Office (USPTO) have signed a Memorandum of Understanding (MoU) to facilitate cooperation in areas of intellectual property (IP). According to a release from the Ministry of Commerce and Industry on December 3, a virtual signing ceremony was conducted by the DPIIT and USPTO to bolster IP collaboration and cooperation between the two countries.

The MoU will broadly enable the mutually beneficial sharing of knowledge and expertise between IP industry stakeholders at every level. From exchanging information regarding patents, trademarks, copyrights, designs, and the protection, enforcement and use of IP rights, to leveraging vital insights on the development and implementation of automation and modernisation projects, the cooperation will serve as a catalyst for growth in IP frameworks across sectors. In addition, the MoU will oversee training initiatives and activities to encourage further research and development programs, the sharing of best practices, and the protection of citizen and company IP rights over the next 10 years.