|TACD Correspondence With EC Trade Commissioner Pascal Lamy on Implementation of Doha Declaration|
|Statements and Declarations from WTO Members|
|Comments from Business Associations|
On intellectual property, the authors recommend "rebalancing" the Uruguay Round Agreement on Trade-Related Intellectual Property Rights (TRIPS) agreement - the global agreement that gave patent holders new trade rights - to allow developing countries, especially low-income developing countries, access to drugs and products essential to development at competitive prices. As it stands, if developing countries were to fully implement TRIPS, they would have to pay abroad some $20 billion more in technology-related payments and foot the administrative bill for local enforcement. For these reasons, the report advocates a phased implementation of TRIPS with donor-funded technical assistance linked to level of development, and a more liberal use of compulsory licenses to stimulate competition in pricing.