Intellectual Property Rights in International Trade

Intellectual Property Rights (IPR) in international trade refer to legal protections for creations of the mind, such as inventions, designs, brands, and artistic works. These rights ensure that creators can control the use of their work and benefit financially from it. In the context of trade law, IPR helps countries manage competition and innovation while balancing protection and access. International agreements, like the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), set standards for how these rights are enforced globally, promoting fair trade and encouraging investment in new ideas and products.