WORLD INTELLECTUAL PROPERTY DAY: Innovation-Improving lives
World Intellectual Property Day is observed internationally on every 26 April. The observance of WIPD is organised by World Intellectual Property Organization (WIPO). The aim is to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.
This year, the underlying idea behind observing the WIPD is to explore how innovation is making our lives healthier, safer, and more comfortable by turning problems into progress. In line therewith, the theme of this year's WIPD is 'Innovation- Improving lives'. WIPO this year, through the celebration, will attempt to look into how the intellectual property system supports innovation by attracting investment, rewarding creators, encouraging them to develop their ideas, and ensuring that their new knowledge is freely available so that tomorrow's innovators can build on today's new technology.
The epoch-making changes that have been undergone by the world in the past was given birth to by the ordinary people who innovate extraordinary things for the better. Their innovations take myriad forms, from the mundane to the seemingly miraculous. Innovation is a human force that knows no limits which turns problems into progress pushing the boundaries of possibility, creating unprecedented new capabilities. 26th April only celebrates the relentless efforts made by the human community for a better and more prosperous tomorrow.
International instruments for the protection of Intellectual property rights are many in number. Bangladesh, even though has not observed IP as a very popular branch of law, is a member of a number of international instruments for the promotion and protection of IPRs. Those instruments include both multilateral treaties and WIPO-administered treaties and regional economic integration treaties. Treaty between the United States of America and the People's Republic of Bangladesh concerning the Reciprocal Encouragement and Protection of Investment (July 25, 1989) is the only bilateral treaty entered into by Bangladesh. Alongside the international instruments, Bangladesh also has a number of domestic legislations in order to strengthen the protection and promotion of IPRs.
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