The medicines needed for human healing have not been readily available to the public in India. The main source of these drugs came from abroad. The lack of local medicines and their huge demand have led to very high prices. It was the outside law that influenced local law. Drug prices in India were among the highest in the world. In 1957, the Indian government appointed Judge Rajagopala Ayyangar to committee to review patent law to meet the industrial needs of the time. The report proposed the creation of a patenting procedure so that medicines also reach the poor parts of society. The government handed over the Patent Act in 1970. This revolutionized the economic system in India by supplying the drug cheaply. In addition to the basic intellectual property standards set out in the TRIPS agreement, many nations have committed to bilateral agreements to adopt a higher level of protection. This collection of standards, known as TRIPS or TRIPS-Plus, can take many forms.
 One of the general objectives of these agreements is that previously, the patent protection period was 14 years from the date of the full patent filing. However, the proposed bill increased the term to 20 years. In the 1970s, despite GATT`s success in trade growth, global competition led to a series of economic recessions, resulting in high unemployment rates and plant closures. To remedy this situation, governments have been pushed to develop other forms of protection, i.e. bilateral market-sharing agreements among their competitors, and to accept subsidies in order to maintain detention opportunities in agricultural trade. In addition, advances in science, individual needs, and global trade have become complex. Commercial services have been identified as a promising globalization of the global economy, but rules that are not within the purview of the GATT. These changes have undermined the credibility and effectiveness of the GATT.
Together, these and other factors, among THE GATT members, have complied with a multilateral system and have come to the conclusion that the multilateral system is being maintained. This led to a round of Uruguayan negotiations; The last and biggest round of the GATT. As in the General Agreement on Tariffs and Trade (GATT) and the General Agreement on Trade in Services (GATS), the starting point of the ON-TRIPS agreement is the basic principle. As in the other two agreements, non-discrimination plays a major role: national treatment (which does not treat foreigners less favourably than its own nationals) and the MFN (non-discriminatory among nationals of trading partners). The issue is also a key principle in other IP agreements outside the WTO. The TRIPS agreement outlines the minimum rights to be enjoyed by the patent holder and defines the conditions under which derogations from these rights are permitted. The agreement allows governments to issue “mandatory licenses” allowing a competitor to manufacture the product or use the process under license without the owner`s consent. However, this can only be done under certain conditions set out in the TRIPS agreement, in order to preserve the interests of the patent holder. Intellectual property, patents, TRIPS, World Trade Organization Basmati Rice is a famous cereal from India and is known for its fragrant taste. It is this rice that is grown in the Basmati region of India and has its fragrant taste. This rice has been well developed by Indian farmers for hundreds of years, but a Texas company has obtained a patent for a cross with American long grain rice.
The United States has granted the company a patent based on flavourings, stretching cereals in cooking and chalk, and since then the company has been able to grow rice to farmers and not allow the seeds to be planted for the next year`s harvest. This made India realize and file a petition with scientific evidence in the U.S. patents and trademarks office say that most varieties of Basmati possess these qualities. The USPTO accepted the petition. Section 10 of the Patents Act, 1970 clarifies principa