Economics · Economy
Consider the following statements regarding voluntary and compulsory licensing in international trade agreements: Statement I: Voluntary licensing depends entirely on the willingness of patent holders and may involve restrictive commercial conditions such as export bans. Statement II: Bilateral Free Trade Agreements (FTAs) often attempt to legally prioritize voluntary licences, thereby creating friction regarding the operational flexibility of compulsory licensing. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.✓
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Statement I is correct, but Statement II is incorrect.
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