Soon IP Law in Bagladesh

Policy to protect country’s intellectual properties soon Currently there is no law in the country to protect various local intellectual properties. So the Bangladesh government is planning to introduce an intellectual property policy to protect the country’s intellectual properties and encourage people to build a knowledge-based society.To protect innovations and other merit-based works as well as to encourage others in such works. The government has drafted a new law relating to ‘geographical indications’, under which, the country’s unique things like Hilsha, Neem, Jute and cultural assets etc will be patented. Mr. Barua chaired the sessions in the two-day meeting as the chairman of the 49 least developed countries (LDCs) in a High Level Forum on the Strategic Use of Intellectual Property for Prosperity and Development’, held in Geneva on July 23-24. Some 78 representatives from 33 countries attended the meeting and announced a joint declaration.. The Bangladsh has requested the WIPO for promoting public private partnership (PPP) to ensure development-friendly intellectual property utilisation in the LDCs. This really a great step taken by the Banladesh Govt in particular and LDC in genral which will further boost the fast development in IPR .