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Q70 (CDS-I/2017) Economy › External Sector & Trade › Intellectual property rights Answer Verified

TRIPS Agreement pertains to

Result
Your answer: —  Â·  Correct: B
Explanation

The TRIPS Agreement, or the Agreement on Trade-Related Aspects of Intellectual Property Rights, is a foundational multilateral treaty under the World Trade Organization (WTO) [2]. It establishes the minimum standards for intellectual property (IP) protection that each member country must provide to fellow members [1]. The agreement is comprehensive, covering various forms of IP including patents, copyrights, trademarks, geographical indications, industrial designs, and trade secrets [2]. TRIPS was negotiated during the Uruguay Round (1986–1994) to address the growing importance of knowledge and ideas in international trade [1]. It aims to reduce distortions in global trade by ensuring that IP rights are effectively protected and enforced across borders, thereby encouraging innovation and technology transfer while providing a legal framework for dispute settlement between member nations [4].

Sources

  1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > 13.9 Trade Related Aspects of Intellectual Property Rights (TRIPS) > p. 388
  2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Agreement on Trade-Related Aspects of Intellectual Property Rights > p. 542
  3. [4] https://www.wto.org/english/docs_E/legal_E/27-trips.pdf
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SIMILAR QUESTIONS

NDA-I · 2011 · Q78 Relevance score: 3.27

TRIPS (Trade Related aspects of Intellectual Property Rights) agreement is administered by :

IAS · 2002 · Q22 Relevance score: 0.72

Consider the following statements: 1. The World Intellectual Property Organisation (WIPO) is a specialised agency of United Nations System of Organisations 2. WIPO has its headquarters at Rome 3. The Trade Related Aspects of Intellectual Property Rights (TRIPS) Agreement is binding on all WTO members 4. Least developed country members of WTO are not required to apply the provisions of TRIPS Agreements for a period of 20 years from the general date of application of the Agreement Which of these statements are correct?

CDS-II · 2014 · Q51 Relevance score: -3.96

Consider the following statements relating to the World Trade Organization (WTO): 1. The WTO deals with the global rules of trade between nations. 2. The goal of the WTO is to help producers of goods and services, exporters, and importers conduct their business, 3. The WTO, which is a successor body of the General Agreement on Tariffs and Trade, came into being following the Uruguay Round of Negotiations. 4. The WTO distances itself in framing of rules on trade in. intellectual property rights. Which of the statements given above are correct ?

IAS · 1997 · Q35 Relevance score: -4.05

One of the important agreements reached in the 1996 Ministerial Conference of WTO relates to