Question

Consider the following statements about the draft Regional Comprehensive Economic Partnership (RCEP):

Which of the above statement(s) is/are correct?

• A. Only 1, 2 & 4
• B. Only 1, 2 & 3
• C. Only 2, 3 & 4
• D. All of the above

Answer 1

The correct option is A Only 1, 2 & 4

Regional Comprehensive Economic Partnership (RCEP) is being negotiated amongst the ASEAN (Association of Southeast Asian Nations) trading bloc – Singapore, Vietnam, Indonesia, Malaysia, Laos, Cambodia, Brunei, Myanmar, Bangkok and Philippines with six of its partner countries – China, Japan, India, Australia, New Zealand and South Korea.
The chapter on Intellectual Property Rights (IPR) is part of the RCEP agreement which contains proposals for patent extensions, restrictive rules on exceptions to copyright, and dozens of other anti-consumer measures.
India is opposing RCEP proposals is for Patent extensions,Restrictive rules on copyright and Anti-consumer measures.
The draft proposals will compel governments to commit to newer Trade-Related Aspects of Intellectual Property Rights provisions like TRIPS plus — including the Patent Law Treaty (Geneva, 2000), which involve harmonisation in the examination of patent applications and requirements of patentability