The Memorandum of Understanding (MoU) establishes a mechanism through which both countries can exchange best practices and work together to better protect intellectual property rights, a government statement said.
"The exchange of best practices between the two countries will lead to improved protection and awareness about India's range of intellectual creations which are as diverse as its people," the statement added.
As per the MoU, a Joint Coordination Committee (JCC) with members from both sides would be formed to decide cooperation activities covering a wide range of areas including exchange of experiences and knowledge on intellectual property among the public, businesses and educational institutions of both countries.
It would also cover cooperation on understanding how traditional knowledge is protected.
The committee would also decide the mechanism for collaboration in training programmes, exchange of experts, technical exchanges and outreach activities.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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