Of the two options available to India for meeting its obligations under the
TRIPs agreement - the 'exclusive marketing rights' (EMR) route and bringin
g forward introduction of the product patent regime from the year 2005 to 2
000 - the EMR route, which is what the government has chosen to adopt in th
e legislation now before parliament, has significant adverse implications s
o that it would have been preferable to have opted for the second option of
advancing the product patent regime without availing of the transitional p
eriod provided under the TRIPs agreement.