New patent pact offers extra shield to Indian genetic resources and traditional knowledge

WIPO members have finalized a treaty mandating patent applicants to disclose the origin of genetic resources or associated traditional knowledge. Led by India, this treaty aims to protect Indian genetic resources like yoga and ayurveda.\r

It obliges countries to adjust domestic regulations. India advocates global recognition of traditional knowledge rather than exploitation. While India has protections, many countries lack mandatory disclosure, prompting the need for global regulations. The treaty acknowledges the role of traditional knowledge in global economies, a significant victory for India. \r

Despite resistance from the US and multinationals, consensus among 150 countries after two decades of negotiation marks a historic achievement for the global South and India.