International Instruments On IPR
International Instruments On IPR
OF INTELLECTUAL
PROPERTY RIGHTS
(TRIPS)
• After the Uruguay round, the GATT became the basis for the establishment
of the World Trade Organization (WTO) in 1995
• WTO was established to supervise and liberalize trade.
• The Agreement on Trade Related Aspects of Intellectual Property Rights
(TRIPS) is an international agreement administered by the World Trade
Organization.
• It was formed at the end of the Uruguay Round of the General Agreement
on Tariffs and Trade (GATT) in 1994.
• The TRIPS Agreement is Annex 1C of the Marrakesh Agreement
Establishing the World Trade Organization ("WTO Agreement") of 15 April
1994, which entered into force on 1 January 1995. The TRIPS Agreement is
an integral Part of the WTO Agreement, and is binding on each Member of
the WTO from the date the WTO Agreement becomes effective for that
country.
• TRIPS is the most important and comprehensive international
agreement on Intellectual Property rights.
• The TRIPS agreement introduced intellectual property law into the
international trading system for the first time.
• Adoption of TRIPS is a compulsory requirement of World Trade
Organization membership.
• Any country seeking to obtain easy access to the numerous
international markets opened by the World Trade Organization must
enact the strict intellectual property laws mandated by TRIPS.
• There are now 153 WTO member nations and 29 observer nations
• When the TRIPs Agreement took effect on January 1, 1995, all
developed countries were given twelve months from the date of
signing the agreement to implement its provisions.
• Developing countries and transition economies (under certain
conditions) were given five years, until 2000.
• Least developed countries (LDCs) were given 11 years, until 2006, to
comply.
• For pharmaceutical patents in these LDCs, the term for compliance
has been extended to 2016.
• There are currently 30 LDCs within the WTO organization bound by
TRIPs and another 10 LDCs are waiting accession.
What is TRIPS?