Forbes: International Threats To The Value Of American Patents by Alden Abbott
In my last Forbes commentary, I documented the weakening over the last few decades of the U.S. patent system—long a driver of technology-fueled economic growth and envy of the world. Today, let’s look at two challenges emanating from abroad.
WTO Patent Waivers Undercut Patent Rights Worldwide
Under the World Trade Organization’s Agreement on Trade-Related Aspects of International Property (TRIPS), which was adopted in 1994, virtually all nations (including the U.S., China and Russia) agreed to provide basic substantive and procedural protections for patents and other IP rights.