I’m wondering, as
in the First wave de-globalization has been triggered, what would be the status
of WIPO, i.e. Hague, UDRP (Other Domain Name Redressal Arbitration Boards),
Madrid, PCT; and if in case the First Wave is successful, policies/rules of
WIPO would hardly be followed then; again, if in case the First Wave becomes
successful, and most probably, it would indeed become. Firstly, the Fee part
would have substantial implications, especially in case of PCT; wherein, the option
of 90% reduction for the NPs won’t be accepted by others. But the biggest issue
is, what is the guarantee that WIPO commandments post DE-Globalization would be
accepted by all? I presume, China would revolt, and why not, the most affected
are the South Asian and South East Asian nations, and some part of the EU, UK! And
if WIPO becomes another WHO, then who is going to do the Quality work in the
less money? And let me tell you one thing! Not everyone can understand or
follow or apply WIPO’s policies and rules; forget about the quality part of the
service! It is complicated! And cannot be practically implemented by everyone! The
currency conversion issue would again raise many more concerns henceforth.
So, what would become
the modus operandi of future? Is it the Conventional style protection for the
IP rights, i.e. within 6 Months / 12 Months, for designs, patents, trademarks,
from the country of origin?
The more
surprising part is, the World accepted such fragile economic structures, and were
sailing on the goodwill of mere one or two nations! How?
Let’s come down
to the IP part. I feel FOUR things would happen, if in case WIPO ends up just
alike WHO: