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21 April 2008
Bill 1.893/07, introduced by House of Representatives Member Paulo Teixeira, seeks to regulate the process of cross-retaliations at the World Trade Organization (WTO). The bill will introduce such measures as the "suspension, dilution or extinction of IP rights protection by the president of Brazil."
These measures could include penalties imposed on the IP rights of nationals or residents of countries which do not comply with those decisions of the WTO’s Dispute Settlement Board that are considered favourable to Brazil.
This bill has already received a favourable review by the Commission for Industrial, Commercial and Economic Development of the House of Representatives.
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Denis Allan Daniel