WIPO to work with Nepal to help protect intellectual property right
World Intellectual Property Organisation (WIPO) is ready to work jointly with Nepal in protecting the Intellectual Property Rights (IPR).
If Nepal does not take IPR seriously, the country will have no rights over its indigenous and knowledge-based property, said WIPO assistant director for Asia Pacific Mahamud Hussain Moyaduddin, during the meeting with trade, commerce and supplies and finance minister Shankar Prasad Koirala, at the latter's office today.
The least developed countries (LDCs) like Nepal will lose rights on their local products, he said, adding that the LDCs must be aware of their rights and protect IPR.
The recently concluded Bali conference of the global trade regime has also stressed on IPR protection, said Koirala, on the occasion. The knowledge-based industry is getting more popularity – as it is also providing more employment – in recent days and the IPR is the only key to protect the rights of creators for economic development.