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Why IPR Protection is important for Bangladesh?

Why IPR Protection is important for Bangladesh?

Public policy implied at the protection of the intellectual property is based on the desire to ensure a rich, diverse, competitive marketplace, Giving investors, scientists, writers, artists, business persons, and others enforceable property rights in their creations makes it possible for creators to recoup their investment in the creative process, encouraging them to devote their time and efforts to developing new works, products and services.

[ Why IPR Protection is important for Bangladesh? ]

Creators’ home countries-governments and societies-also benflit when intellectual property rights (IPR) are protected by law and IPR laws are enforced. For example:

Because thieves, pines and counter foilers neither respect nationality nor pay taxes. Effective enforcement of IPR is crucial. Strong, effective intellectual; property protection is the cornerstone on which an attractive investment climate is built, and produces long-term economic benefits. For example, IPR protection:

Trademark, patent, and copyright piracy are serious and growing problems in Bangladesh, one that affects not only foreign but Bangladeshi businesses. Although the Bangladesh Government is in the process of preparing laws that will improve intellectual property rights, enforcement of these laws will be crucial, particularly for a country with the ambition to develop a software industry.

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