New law will better protect IPR

The transfer of technology is a necessary requirement for innovative development. Article 7 of the World Trade Organization's Agreement on Trade-Related Aspects of Intellectual Property Rights (or TRIPS Agreement) says: "The protection and enforcement of intellectual property rights should contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations."

Which suggests IPR protection and promotion of technology transfer are equally important. The TRIPS Agreement, however, pays more attention to IPR protection in terms of rules while undermining the importance of technology transfer, and thus fails to ensure the transfer of technologies from developed countries to developing countries.

Besides, the international community has not yet established a unified and feasible technology transfer protocol.