Trips Agreement Mcq

Trips Agreement Mcq

The TRIPS Agreement is part of the only commitment stemming from the Uruguay Round negotiations. This means that the TRIPS Agreement applies to all WTO members. It also means that the provisions of the agreement are subject to the WTO`s integrated dispute settlement mechanism, which is contained in the Dispute Settlement Agreement (the Agreement on Dispute Settlement Rules and Procedures). Pursuant to Article 4(d), a Member may exempt from the most-favoured-nation obligation all advantages, advantages, privileges or immunities of that Member under international agreements for the defence of intellectual property which entered into force before the entry into force of the WTO Agreement, provided that such agreements are notified to the Ad Hoc Council and do not constitute arbitrary or unjustifiable discrimination against nationals of other members. The general transitional periods apply to original WTO members, i.e. governments that were members on 1 January 1995. Since the WTO, a number of countries have acceded to it. These countries have generally agreed, in their accession agreements (accession protocols), to apply the TRIPS Agreement from the date on which they officially became members of the WTO, without a transitional period benefiting from a transitional period. The TRIPS Council will carry out a general review of the Agreement after five years; it is also empowered to review it at any time in the light of relevant new developments which may justify modification and modification (Article 71). Prior to the Uruguay Round 198694 negotiations, there was no specific agreement on intellectual property rights under the GATT multilateral trading system. The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) was negotiated during the Uruguay Round, under strong pressure from major industrialized countries. This agreement has nothing to do with trade, but deals with the protection of intellectual property rights (IPR).

The initial objections of a large number of countries to the inclusion of this issue in the Uruguay Round resulted in a compromise aimed at addressing only the “commercial” aspects of intellectual property protection pathways. However, during the negotiation of the entire package of agreements, all issues relating to protection legislation, including standards of protection, were accepted. . . .

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