Question map
TRIPS (Trade Related aspects of Intellectual Property Rights) agreement is administered by :
Explanation
The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is administered by the World Trade Organization (WTO) [4]. Established in 1994 and coming into force in 1995, TRIPS is a central component of the WTO's multilateral trade rules, often described as a "package deal" for its members [2][t1]. The agreement sets minimum standards for intellectual property protection and enforcement that all WTO member nations must follow [c1][t9]. Within the WTO structure, the TRIPS Council is specifically responsible for administering and monitoring the operation of the agreement, serving as a forum for member discussions and negotiations [t4]. While other organizations like WIPO administer older treaties like the Paris and Berne Conventions, TRIPS remains unique as a trade-related IP framework under the WTO's jurisdiction [t1][t6].
Sources
- [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
- [4] https://wto.org/trips
- [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > WTO Agreements > p. 378