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Unformatted text preview: EDITORIALS Economic & Political Weekly EPW june 26, 2010 vol xlv nos 26 & 27 9 I n April this year an official draft of a proposed Anti-Counter- feiting Trade Agreement ( ACTA ) was released by the coun- tries which have been negotiating it for the past few years. Done in near total secrecy, the ACTA negotiations involve almost all the developed countries of the world and a few developing countries as well. The countries pursuing ACTA have stated that this is a volun- tary plurilateral agreement to stop trade in counterfeit products. However, the negotiations held thus far and the consultations that have been held with the “relevant” stakeholders reveal that the biggest beneficiaries of ACTA will be the global pharmaceuti- cal majors, the big “content creators” in films, music and inter- net, as well as assorted companies, which are finding their control over technology undermined by the global spread of telecommunications and education. The proposals that are on the table, if accepted, could have far-reaching implications for products that are “suspected” of violating intellectual property rights in any of the countries that would be signatories to the agreement. According to the proposals, action can be taken against a product suspected of being “counterfeit” even when the product in question has not entered the customs territory of one of the ACTA signatory countries but is merely in transit. A mere complaint by the intellectual property holder can single out a product or service as “counterfeit” and the ACTA member country would then be able to not only destroy the...
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This note was uploaded on 07/31/2010 for the course FIN 201 taught by Professor Hcverma during the Summer '10 term at IIT Kanpur.
- Summer '10