1. Do you know recently draft of
UK-India Free Trade Agreement (FTA) was leaked.
Under clauses UK was found forcing India to amend its national patent laws, a move would benefit UK pharma companies & bring big losses to UK National Health services & Indian generic medicine.
2. The leaked chapter of FTA contained 2 very concerning provisions
Firstly, allowing UK pharma companies to ‘evergreen’ their drug patents.
Evergreening is practice of filing patent extensions by making minor changes to drugs just before patent expires at 20 yrs limit.
3. Second provision in the leaked FTA draft wants India to end “pre-grant” patent oppositions.
This is main mechanism used to block unjustified patents before they are granted. This prevents patent monopolies and boosts the manufacturing of affordable generic versions.
You can go through “Intellectual Property” or Patent law removal chapter of the leaked India-UK FTA draft here 👇
4. These two clauses were severely criticised in the UK as they would not only harm the Indian generic drug manufacturers but also create problems for the UK’s National Health Service (NHS).
Generic drugs manufactured by India save NHS a lot of money.
5. For example, a cancer drug used in treatment of leukaemia was previously priced at £27,200 per year in UK but now NHS only pays £556.32 for a course because they buying Indian generic version.
This of course upsets the Big Pharmaceutical giants.
6. After leak of draft, many UK NGOs and even the famous peer reviewed general medical journal “Lancet” criticised the UK government.
They said this will have disastrous consequences on global supply of generic medicines & asked India to stay vigilant.
7. This made UK government back peddle and issue repeated denials.
In one of the recent denials to “mint” british spokesman almost made it sound like it was India who wanted these clause. Laughable!
8. As of now India has completely rejected UK 'patent evergreening' demands.
UK India FTA negotiations seems to be stuck on issues linked to alcohol industry, automobiles, intellectual property/Patent, and mobility of students and professionals.
9. Now is it a coincidence that father-in law of UK PM Rishi Sunak - NR Murthy was recently seen criticising Indian generic drug manufacturing industry?
Even his allegations are not proven : WHO refuses to provide evidence & Gambia denied Indian cough syrup caused the deaths.
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Did you know recently at COP27, European Union proposed a “Carbon Border Tax” which India opposed, why?
Well under this system, taxes will be imposed on imports of carbon-intensive products, such as iron, steel, cement, fertiliser, aluminium & electricity generation from 2026.
1. To understand Carbon Border Tax better let’s see what it will be measured on
• Amount of carbon emitted during the production of the product, like using clean energy
• extra import duty if the manufacturing country has more lenient climate rules than the one buying it.
2. So for example, if India (with lax climate rules) exports a product to a EU (with stricter climate rules) Indian good will be taxed extra under carbon border tax.
This will make goods from developing countries expensive & expose them to the rise of risk of losing the market.
3. But did you know Hungary is under severe financial pressure because in September EU suspended €7.5 billion + €5.8billion coronavirus recovery funds to Hungary for violating rule-of-law standards?
EU criticises Hungary of influencing judiciary, media control and corruption.
1. Earlier today: Iran freed two Greek oil tankers held by Tehran since May. *tension reduces
After that : Israel accused Iran of drone attack on oil tanker off Oman coast. *tension heightens again
Just now : 4 people killed in terrorist attack in Iran. *tension peaks
2. Iran detained two Greek tankers in response to the confiscation of oil by the United States from an Iranian-flagged tanker off the Greek coast fuelling bilateral tensions.
The final agreement to release tanker was reached today in Tehran between Greece and Iran.
3. An oil tanker associated with an Israeli billionaire was struck by a bomb-carrying drone off the coast of Oman today.
US central command blamed Iran, “Anonymous Israel official” said it appeared Iran carried out the attack.
Zelensky says it was Russian missiles that struck in Poland killing two people,
Russia denies responsibility. Poland is a NATO member.
Poland journalist published clear picture of missiles that impacted Poland.
Investigations are on but experts are sure that these missiles are from Ukrainian S-300’s surface to air missile system and it appears like a misfire from Ukraine side.
Biden who is in Bali and was busy is G7/NATO meetings says "preliminary" information suggests it is "unlikely" missile that killed two in Poland was fired from Russia.
1. Disagreement over “Russia”dominated today’s G20 summit.
Takeaway
• West & EU pushed countries to sign final draft declaration condemning Russia for the Ukraine war.
• India, China, Brazil, Saudi Arabia, Indonesia & others countries from global south refused to condemn. +
2. • Indonesian President asked the western leaders to tone down their rhetoric against Russia.
•Russian FM stated that western countries had attempted to “politicise” draft by including explicit condemnation.
• India played a big role in achieving consensus among all.
3. Final draft that all members agreed upon over Russia Ukraine conflict
“The use or threat of use of nuclear weapons is inadmissible. The peaceful resolution of conflicts, efforts to address crisis as well as diplomacy and dialogue are vital. TODAY’S ERA MUST NOT BE OF WAR.”
Turkey “rejected” US condolences over Istanbul terrorist attack, why?
Turkey claims the bomber was a PKK Kurdish militant, these militants are trained by US military at an intelligence school at Ain al-Arab Kobani, Syria.
This one was trained as special intelligence officer.