India to join Madrid Protocol to boost trade
By PTI |
Highlights
NEW DELHI: Government on Thursday approved the country's accession to the Madrid Protocol, which will provide extensive protection to Indian trade marks overseas and facilitate foreign firms to file their marks in India.
The approval for India's accession to the Madrid Protocol was given by the Union Cabinet, Finance Minister P Chidambaram told reporters here after the Cabinet Committee on Economic Affairs (CCEA) meeting.
Government would bring a bill in the Parliament for enabling the country's accession to the Madrid Protocol, 1989, which is administered by the World Intellectual Property Organisation (WIPO).
The accession would facilitate speedy registration of Indian marks in different markets worldwide and promote business confidence in the Indian intellectual property rights (IPR) system globally, Chidambaram said.
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