KINGSTON, Jamaica, June 25, 2008 – The European Union and CARIFORUM states, under the Economic Partnership Agreement (EPA) which they have negotiated, have agreed to continue considering steps towards deeper integration in the field of intellectual property rights in their respective regions.
A release from the Jamaica Information Service (JIS) said that “this process is expected to cover further harmonisation of intellectual property laws and regulations, progress towards regional management and enforcement of national intellectual property rights, as well as the creation and management of regional intellectual property rights, as appropriate”.
“As outlined in the pact, the EU and CARIFORUM will exchange views and information on their practices and policies affecting transfer of technology, both within their respective regions and with third countries,” the release said.
This will include measures to facilitate information flows, business partnerships, licensing and subcontracting. Particular attention is expected to be paid to the conditions necessary to create an adequate enabling environment for technology transfer in the host countries, including issues such as development of human capital and legal framework.
“Further, the signatories have agreed to take appropriate measures to prevent or control licensing practices or conditions pertaining to intellectual property rights, which may adversely affect the international transfer of technology, and that constitute an abuse of intellectual property rights by right holders or an abuse of obvious information asymmetries in the negotiation of licences,” the statement added.
The EU is expected to facilitate and promote the use of incentives granted to institutions and enterprises in their territories for the transfer of technology to institutions and enterprises of the CARIFORUM states, in order to enable the CARIFORUM countries to establish a viable technological base.