Friday, December 16, 2005

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.

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