The TRIPS (Trade Related aspects of Intellectual Property Rights) agreement, which covers international intellectual property rights, is administered by the World Trade Organization (WTO).
Option 1: United Nations Conference on Trade and Development (UNCTAD) - This organization focuses on trade and development issues, but it is not responsible for administering the TRIPS agreement.
Option 2: United Nations Organization (UNO) - The United Nations is a global organization that addresses various issues, but it does not specifically administrate the TRIPS agreement.
Option 3: World Trade Organization (WTO) - This is the correct answer. The TRIPS agreement is a part of the larger framework of the WTO, which oversees global trade rules and regulations.
Option 4: World Bank (WB) - The World Bank primarily focuses on providing financial and technical assistance for development projects, and it is not responsible for administering the TRIPS agreement.
In conclusion, the correct answer is option 3, the World Trade Organization (WTO), which administers the TRIPS agreement.