Latin American countries expected to increase access, spend more on medicines

Economic growth in developing Latin American countries is expected to foster greater spending on medicines to improve access, according to a new report.  Public drug expenditure in the region is expected to continue growing, as there is a considerable level of unfulfilled demand.  The report also notes that private pharmacy sales are also surging, [...]

Ministers from Least-Developed Countries develop strategy to encourage local innovation and investment

Ministers and other senor government officials from least developed countries agreed to a strategy for using intellectual property to encourage local innovation and encourage foreign investment at a recent WIPO Forum.  The ministers also discussed the challenges facing LDCs in this area, in particular the difficulties for LDCs to obtain better access to technological information.
WIPO [...]

New National Intellectual Property Strategy for Barbados

Experts from the public and private sectors participated yesterday in a National Consultation on the Formulation of a National Intellectual Property Strategy for Barbados, hosted by the Ministry of Foreign Trade and International Business.
Donville Inniss, the Minister of State in the Ministry of International Business said the strategy would assist in realizing the full potential [...]

Strong IP system boosts knowledge economy development

Strong intellectual property protection is essential to the economic growth of developing countries, according to a senior official with the World Intellectual Property Association.   “It is a myth and complete misunderstanding to think that IP protection is not important. It is relevant to all countries wanting to build up their economy,” stated the WIPO official.
Ensuring strong intellectual [...]

Strengthening the economies of developping countries through intellectual property

As reported in This Day Online, Assistant Director General of the World Intellectual Property Organisation (WIPO), Mr Geoffrey Onyeama, has advocated a structured approach in harnessing Nigeria’s intellectual property assets, which he said  remained one of the tools for economic development.
“The most important source of technological information known to man today is the patent system. [...]