TRIPS

TRIPS, which stands for Trade-Related Aspects of Intellectual Property Rights, is an international agreement managed by the World Trade Organization (WTO). It sets global standards for protecting intellectual property rights, like patents and copyrights, ensuring that creators and inventors can benefit from their work across member countries. TRIPS aims to balance innovation incentives with access to affordable medicines, technology, and creative works, promoting fair and consistent rules for intellectual property trade globally. It encourages cooperation among nations while safeguarding the rights of intellectual property holders.