AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

The National Assembly finally passed the long-awaited "The Geographical Indication Bill, 2020" aimed at protecting ownership rights of goods produced in the country.

Due to the absence of GI legislation, international brands continue selling Pakistan-origin goods such as Paul Smith's Peshawari Chappal, Moroccan Ajrak and California Basmati, depriving the country to get premium on its GIs in the international market.

"Geographical Indication Bill moved by MoC approved by National Assembly today, took 14 years to get this law enacted. It will help protect our regional products and increase their export value. Great job done by Mujeeb Khan, Chairman IPO and his dynamic team," a jubilant Sardar Ahmad Nawaz Sikhera, secretary commerce, tweeted, the moment the bill was approved by the NA.

The bill identifies the products that have a specific geographical origin and possess qualities or reputation attributable to their place of origin.

These are generally traditional products that have gained a reputation in the local, national or international markets due to their specific unique qualities.

It aims to recognise and protect these products through legislation allowing the community of producers to get a fair value of their commodities, while preserving their unique identity.

The bill will help protect various products local to the country including Hunza Apricots, Charsadda/Peshawari Chappal, Multani halwa, Sindhi Ajrak, Sargodha's Kinno, Kasuri Methi, Sindhri mangoes, Dir knives, Swat wild mushrooms, Nili-Ravi buffalo, Chaman grapes, Pashmina shawls, etc.

The member countries of the World Trade Organisation are required to protect GIs under Article 22-24 of the trade-related aspects of Intellectual Property Rights agreement.

Copyright Business Recorder, 2020

Comments

Comments are closed.