The USA Trade Representative recently released the Special Report 301. According to the 301 report, India has been put on the “Priority Watch List” along with 8 other countries. Another 23 countries were also put on “Watch List”.
The report is released by USA Trade Representative every year. It is published under Section 301 of Trade Act, 1974 and hence the name. It is being published since the year 1989. The report basically lists the countries that do not provide sufficient IP rights to American companies.
What does the report say about India?
According to the 301 report, India has been inconsistent in the progress of intellectual property protection. Though the enforcement of IP has gradually improved, India lacks in providing benefits for innovators.
The patent issues are of great concern in India. The Indian Patent Law lacks patent validity and holds narrow patentability criteria. This burdens companies in different sectors. It leads to patent revocations. Revocation is official cancellation.
Patent applicants are facing issues with time consuming pre and post grant procedures. They face difficulties of long waiting periods to receive patent approval.
Stakeholders of India continue to express concerns over vagueness in the interpretation of The Indian Patents Act, 1970.
Report on China
- The USA monitors China under the USA-China Economic and Trade Agreement
- According to the report, the People’s Republic of China has made several IP-related regulatory measures in 2020.
- It has amended the Patent laws, criminal laws related to intellectual property and also copyright laws.
- However, the amendments remain short of full range fundamental changes required to improve the overall intellectual property landscape.
USA puts India on Priority Watch list Special 301 Report USA puts India on Priority Watch list Special 301 Report