Q. “TRIPS” often seen in news is related to which of the following?
Explanation: Trade-Related Aspects of Intellectual Property Rights is an international legal agreement between all the member nations of the WTO.
- It sets down minimum standards for the regulation by national governments of many forms of intellectual property (IP) as applied to nationals of other WTO member nations.
- TRIPS were negotiated at the end of the Uruguay Round of (GATT) in 1994 and were administered by the WTO.