Benefits Of Trips Agreement

The TRIPS Agreement introduced intellectual property rights into the multilateral trading system for the first time and remains the most comprehensive multilateral agreement on intellectual property to date. In 2001, developing countries, concerned about the industrialized countries` insistence on an overly narrow interpretation of TRIPS, launched a round table that resulted in the Doha Declaration. The Doha Declaration is a WTO declaration that clarifies the scope of TRIPS and, for example, states that TRIPS can and should be interpreted with the aim of ”promoting access to medicines for all”. [iv] Botov (2004) describes how industrialized countries have had more than a century – from the 1883 Paris Convention to the 1995 WTO Agreement – to fully develop their IPR regimes and proposes that the same flexibility be extended to current developing countries. The TRIPS Standard Line stems from the recognition of the current importance of the knowledge economy and private intellectual property (IP) as an essential element of international trade (WTO, 2008: 39). Differences of opinion and lack of intellectual property protection constitute important non-tariff barriers and TRIPS results from the need for a strong multilateral framework to replace an ineffective patchwork of existing IPR agreements[i] (Matthews, 2002: 10-12). This is the first time that TRIPS has introduced a global standard for the protection of intellectual property that all WTO members must respect. This includes copyrights, trademarks, industrial designs, geographical indications, patents, integrated circuit designs, trade secrets and anti-competitive contractual restrictions. Like other WTO agreements, it applies the fundamental principles of non-discrimination: most-favoured-nation (no discrimination between trading partners) and national treatment (treating foreigners on an equal footing with their own nationals). The Agreement on trade aspects of intellectual property rights (TRIPS) is an international agreement between all member states of the World Trade Organization (WTO). It establishes minimum standards for the regulation of different forms of intellectual property (IP) by national governments, as applied to nationals of other WTO member countries. [3] TRIPS was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990[4] and is managed by the WTO. .

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