WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS)

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) sets international standards for protecting inventions, trademarks, copyrights, and other intellectual property. It aims to ensure creators and businesses can benefit from their innovations while promoting fair competition. TRIPS requires member countries to establish laws that prevent unauthorized copying or use of intellectual property and to enforce these rights effectively. This helps encourage innovation, supports economic growth, and facilitates global trade by creating a predictable legal framework for intellectual property rights across countries.