Agreement on Trade-Related Aspects of Intellectual Property Rights
Agreement on Trade-Related Aspects of Intellectual Property Rights: TRIPS. A WTO agreement concluded during the Uruguay Round. It was negotiated to deal with a growing tension in international trade arising from widely varying standards in the protection and enforcement of intellectual property rights and the lack of multilateral rules on international trade in counterfeit goods. The Agreement applies to copyright and related rights, trademarks, geographical indications, industrial designs, patents, layout-design of integrated circuits and protection of trade secrets. Standards of protection to be applied are those of the Paris Convention (1967 revision), the Berne Convention (1971 revision), the Rome Convention and the Treaty on Intellectual Property in Respect of Integrated Circuits, but there is no need to accede to these instruments to satisfy the Agreement. Members are free to determine the appropriate method to implement the provisions of the Agreement within their own legal system and practice. See also industrial property and intellectual property.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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