The Government has no plans to reduce the import duty on edible oil for now. This was revealed by the Commerce Minister Mr. Anand Sharma while talking to reporters on the sidelines of a function in New Delhi today. He said that the import of the edible oil will continue to meet the gap between demand and supply. In reply to a question he said that there is no question of exporting non basmati rice from the country as there is already shortfall in the rice production in the wake of scant monsoon rain. Mr Anand Sharma said that New Delhi is negotiating with Washington on an Investment promotion Agreement to strengthen the bilateral cooperation in trade and commerce. The statement assumes significance in the wake of Prime Minister's forth coming visit to the United States later this month.Earlier addressing the 5th International forum on creativity and inventions in New Delhi, Mr Anand Sharma strongly defended India's position on the intellectual property rights. He asserted that the balance is only the way forward. He said Indian Film Industry is the worst victim of violation of Copyrights and called for a balanced approach to deal with this delicate issue ensuring inclusive growth. The Commerce Minister cited the case of climate change and made it emphatically clear that unless the poorer countries are given funds and technology at cheaper rates, this issue can not be addressed in a holistic manner. Mr Anand Sharma said sharing of new technologies is key to move ahead and cited the Indian example of providing Africa infrastructure and satellite for development of IT which is yielding good results. Secretary, Department of Industrial Promotion and Policy Mr. Ajay Shanker and Director General World Intellectual Property Organization Dr Franscis Gurry also spoke on the occasion.