What is 'TRIPS' agreement ? - MAINS QUESTION - DAILY CURRENT AFFAIR QUESTIONS AND ANSWERS

Friday, August 28, 2020

What is 'TRIPS' agreement ?

Trips (trade related Intellectual Property Rights) is an international treaty governed by the World Trade Organization, which sets minimum standards for intellectual property rights. In 1994 it was fixed at the end of the eighth cycle of the GATT (Uruguayan cycle). It is one of the many agreements reached during the time of the World Trade Organization.

TRIPS discusses seven types of intellectual property rights -

1. The right to obtain and relate copy (corpite and related right
2. Trade Mark
3., geographical presentation
4. Industrial Design
5. Paint
6. Integrated Circuit Design
7. Protection of unpublished information

Intellectual property rights are the product of human mind. The countries of the world have been protecting their laws for centuries by making their own laws. In 1995, the World Trade Organization was formed. TRIPS is an agreement of this organization. All the countries that are members of the World Trade Organization have to obey it and make their laws accordingly. Actually TRIPS, W, T.O. Obliges member states to comply with intellectual property rights, including in India. That is why India has revised the laws related to intellectual property rights. To make this amendment, different countries have different time
Is the limit. This border of India was 31 December 2004. According to the Government of India, either laws have been made or the law has been changed.
The purpose of the TRIPS Agreement is to encourage fair trade, keeping in mind the various standards worldwide for the protection and implementation of intellectual property rights in the fields of copyright, trademark, trade secret, industrial design, integrated circuits, geographical indications and patents. The TRIPS Agreement approves the establishment of a Council that can facilitate the smooth operation of the Agreement and the policies of the Member States in conformity with the Agreement. Developed countries, developing countries and underdeveloped countries have been given transition periods of 1, 5 and 11 years respectively for the implementation of the agreement. Countries that certain areas
While not granting product patents, they are allowed to postpone product patent provisions for 5 additional years. Nevertheless, these countries had 1 January, 1995.
The terms of the TRIPS agreement to grant exclusive marketing rights for products that have been granted patents will be valid not only for the present but also for new intellectual property rights.

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