The initiative would help in giving global protection against patenting or commercial exploitation of traditional knowledge base of developing countries like India.
Commerce Secretary Rita Teaotia said the national laws alone "can never address fully the issues of misappropriation of existing knowledge in foreign patent offices and therefore, we need an international regime in order to address issues related to biopiracy".
She said developing countries, including India, have time and again asked and floated proposals in the WTO for incorporating a new provision in the TRIPS (trade related aspects of intellectual property rights) agreement of the WTO.
The statement assumes significance as several multi-national companies in the pharma sector have already patents for manufactured products using the key properties of traditional knowledge. Many more patent applications are awaiting approvals in different countries.
More From This Section
Traditional knowledge is something which is passed on from generation to generation within a community. It often forms part of a people's cultural and spiritual identity.
India has also demanded for adequately compensating the creators and preservers of this knowledge.
The regime will also promote R&D in this areas at a pace that has not been experienced so far, she added.
"There is certainly a need for an international legal regime that makes the patent office the check point to contain misappropriation," she said.
In the absence of such a regime, "you will have traditional knowledge being patented, thereby providing a monopoly rights to an existing knowledge and this in turn would effect not only the livelihood of traditional practitioners but also millions of people, including those where the knowledge originated traditionally".
Citing certain statistics, Teaotia said use of traditional
medicines are increasing in both developed and developing countries and in such a scenario it is important to protect and extend commercial benefit to the original owners of that knowledge.
According to a report, domestic trade of Ayush industry in India is about USD 1.2 billion. The world trade in herbal products are at USD 120 billion and is expected to touch around USD 7 trillion by 2050.
Majority of the countries in Asia, Africa and Latin America do have traditional medicines, she said.
"Patents have been granted to healing properties of turmeric and neem, which have been used in India since time immemorial, in both the US and EU," she added.