In News:

• India reaffirms its commitment to inclusive growth and strengthening its intellectual property (IP) ecosystem.The signing of the treaty comes after nearly two decades of negotiations.

Key Highlights:

Purpose of the DLT:

• Aims to harmonize industrial design protection frameworks across multiple jurisdictions.
• Improves efficiency and accessibility of design registration processes.

Key Features of the DLT:

• Grace Period: A 12-month grace period after the first disclosure of the design, ensuring its validity for registration.
• Flexibility for Applicants: Provides relief measures such as relaxed deadlines, reinstatement of lost rights, and flexibility in adding priority claims.
• Simplified Processes: Includes simplified procedures for design renewals, assignment, and license recording.
• E-Filing Systems: Promotes the adoption of electronic filing systems and exchange of priority documents.

Benefits of DLT:

• Empowering SMEs and Startups: Helps small and medium-sized enterprises (SMEs) and startups protect designs globally, enhancing competitiveness and market growth.
• Reduced Administrative Burden: Standardizes procedures, making the design protection process less complex, more predictable, and affordable.
• Support for Developing Countries: Offers technical assistance for implementation in developing and least-developed countries.

Significance for India:

• India’s rich heritage of design and craftsmanship underscores the importance of design protection for sustainable economic growth.
• Design registrations in India have surged, with a 120% increase in domestic filings over the last two years.

Supporting Programs:

• The treaty’s provisions align with India’s initiatives like Startup India and the Startups Intellectual Property Protection (SIPP) Scheme to boost the protection and commercialization of designs for Indian innovators.

Broader Impact:

• DLT aims to integrate design protection with traditional knowledge and cultural expressions, further enhancing protection for India’s diverse creative sectors.

About WIPO:

• The World Intellectual Property Organization (WIPO), headquartered in Geneva, Switzerland, is a specialized UN agency established in 1967, promoting IP rights globally.
• India is a member of WIPO, which has 193 member countries.

Overview of Intellectual Property (IP):

• IP includes creations like inventions, industrial designs, literary and artistic works, symbols, and more, which are used in commerce.
• IP rights protect creators, allowing them to benefit from their work when commercially exploited.