What are the main functions of the World Intellectual Property Organization (WIPO)? How will its recent treaty on intellectual property, genetic resources and associated traditional knowledge benefit India?

1. To publish research on global IPR and evaluate current standards of IPR through Global Innovation Index.
2. To ensure that TRIPS policies of IPR protection is abided to.
3. To ensure copyrights, trademarks as per Berne convention.
4. To ease IPR policies in case of essential goods like medicines and their compulsory licensing.
5. Bring out orders on violation of IPR and seek responsibilities from countries.

Benefit to India from new treaty

1. To ensure that biopiracy ends and the illegal use of knowledge is checked (eg. Arogyapacha by Kani tribes).
2. To ensure benefits to local communities specially in developing countries.
3. To seek greater numbers of patents for Indian goods.
4. To take our repository TKDL under CSIR to the globe and earn.
5. To ensure that genetic resources are not exploited as per Cartagena treaty on Living Modified Organisms.