Intellectual Property Day marked

Concerned stakeholders have expressed worry over the government´s inability to implement laws related to protecting the intellectual property rights (IPR) in the country.
Representatives from different sectors shared their knowledge about the laws related to intellectual property and their practice in Nepal at an interaction program organized by Nepal Copyright Register´s Office (NCRO) in association with Society of Economic Journalists to mark the World Intellectual Property Rights Day.
The participants, who represented different sectors such as music, publication and production companies, expressed grave concern over the government´s inability to implement the existing laws on protecting the IPR.
“There is a massive misuse of IPR in Nepal though the laws of the country treat such activities as a criminal act,” Bisu Kumar KC, registrar of the NCRO said at the interaction. “IPR is not just an issue of morality and ethics, it is also a major instrument to establish the economic rights of innovators and producers.”
While there are no authentic statistics available in our country showing the benefit of protecting IPR, developed countries have seen significant gain in their gross domestic productions resulting from IPR protection.
The IPR day was first celebrated in 1970. Since then it is observed all over the world each year to respect the economic rights of innovators.