Saturday, April 16, 2005

India Adopts WTO Patent Law

"To attract foreign capital and promote the development of “internationally competitive” Indian firms, public spending has been slashed, public sector enterprises privatized or closed down, free trade zones established where traditional worker rights and labour standards don’t apply, and public investment diverted from agriculture to the mega-projects sought by big business. Now, to comply with the WTO, a patents regime is being put in place that will drive up the cost of drugs.

"Relatively cheap drugs has arguably been the only benefit India’s working population has derived from the country’s health care sector, which is one of the most privatized in the whole world. The various levels of Indian government spend just 1 percent of annual GDP on health care."


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