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Govt urged to be cautious in execution of WTO patent law

Star Business Report
The government should be cautious while implementing the agreement on trade related aspects of intellectual property rights (TRIPs), commonly known as patent law of World Trade Organisation (WTO), a workshop in Dhaka was told yesterday.
Tf^th^ government would take initiatives to implement the patent law, it will engage a huge amount of penalty that would affect our national economy,” said economist Professor MM Akash.
He was addressing the
workshop on WTO and Bangladesh, organised by Manab Kallyan Parished, a local non-government organisation (NGO) at the WVA auditorium in the capital.
"While the rich nations are forcing the poor countries to open up their markets, they themselves protect their markets through high tariff and’ non-tariff barriers,” he said.
Prof Akash said while the countries, including the United States, that lead the WTO, continue subsidising their agriculture sector, they are mounting pressure on the least developed coun-
tries (LDCs) to withdraw subsidy from the sector.
He said the developing countries that have 98 percent farmers of the total population own only one-third of the world's agriculture trade amounting to S 783 billion.
Akash, who teaches economics at Dhaka University, said the present WTO policies would not bring about any positive changes for' (he poor countries, as it has no direction to enhance investment in such countries.
Professor Anu Mohammad criticised the government for their lack of seriousness in pointing out the needs of the country and
pursuing for protecting own interests in the WTO.
“The lack of government's seriousness about making the country a self sufficient nation has made our identity as a poor nation,” he said, adding that the government could take long term planning to eradicate poverty.
The WTO also came under fire at the workshop for favouring,, the. rich nations,, who protect their interests through this organisation.
Sultana Begum, country representative of Diakonia Bangladesh, and Rabiul Azam, president of Manab Kallyan Parished, were also present at the workshop.