Staff Reporter :
The ‘Bangladesh Patent Law 2022’ should be amended in line with the changing scenario for the local pharmaceutical industry after the country’s LDC (least developed countries) graduation.
A stronger partnership between the public and private sector for preparing the pharmaceutical industry for the post-graduation phase
Experts said it, during speaking in a seminar on ‘Preparedness of Pharmaceutical Sector for LDC Graduation’ jointly organized by Support to Sustainable Graduation Project (SSGP) of Economic Relations Division (ERD) and Business Initiative Leading Development (BUILD) in the city on Wednesday.
Simultaneously, they called for close collaboration between the concerned government agencies and the private sector in the amendment process.
Adviser to the Prime Minister on Private Industry and Investment Salman F. Rahman, Secretary of the Ministry of Industries Zakia Sultana, Chairperson of BUILD Nihad Kabir and the President of Dhaka Chamber of Commerce and Industry (DCCI) Rizwan Rahman also spoke in the seminar.
ERD Secretary Sharifa Khan chaired the seminar.
The burgeoning pharmaceutical sector of Bangladesh has witnessed exponential growth over the last few decades, experts said adding that the TRIPS waiver for least developed countries (LDCs) under the WTO-TRIPS agreement is one of the key drivers of such impressive growth.
The industry has strong potential to accelerate its growth and create a bold footprint in the global market.
Appropriate measures following an action-oriented roadmap are critical to tapping these opportunities and shielding against the erosion of waivers under the TRIPS agreement in the wake of the LDC graduation of Bangladesh in November 2026.
In this context, the seminar was organized to take stock of the initiatives and preparedness that are already underway to address the challenges of the loss of TRIPS waivers.
Salman F. Rahman called for engaging lobbyist firm in the World Trade Organization (WTO) for the continuation of TRIPS waiver for Bangladesh after graduation.
He also emphasized the quick operationalization of API (Active Pharmaceutical Ingredients) parks. He called for immediate closure of the mailbox system, created back in 2008 for submitting patent applications, as the mailbox system has lost its relevance in the present context.
Sharifa Khan called for a stronger partnership between the public and private sector for preparing the pharmaceutical industry for the post-graduation phase.
Zakia Sultana in her speech assured that the government would work in close collaboration with the private sector in amending the current patent law of the country.
President of BAPI Nazmul Hassan, MP said that the issues of affordability and public health should be taken into consideration while granting patent under the patent law of the country.
Nihad Kabir emphasized on enhancing the country’s legal expertise for effective formulation and implementation of the intellectual property rights related provisions.
President of DCCI Rizwan Rahman said that the government should set up ‘Biotech Park’ and ‘Genome Valley’ to facilitate biotechnological research.
He also called for giving incentives to pharmaceutical sector like RMG sector.
Senior Vice President of Bangladesh Association of Pharmaceutical Industries (BAPI) and Managing Director of Incepta Pharmaceuticals Ltd Abdul Muktadir called for negotiating with WTO for extending the TRIPS transition period relating to pharmaceutical products for Bangladesh until 01 January 2033, even if the country graduates from the LDC status.
