TRIPS Agreement pertains to
[amp_mcq option1=âinternational tariff regimeâ option2=âintellectual property protectionâ option3=âinternational practices on trade facilitationâ option4=âinternational taxation of propertyâ correct=âoption2âł]
This question was previously asked in
UPSC CDS-1 â 2017
TRIPS stands for the Agreement on Trade-Related Aspects of Intellectual Property Rights. It is an international agreement administered by the World Trade Organization (WTO) that sets minimum standards for the regulation by national governments of different forms of intellectual property (IP) as applied to nationals of other WTO member nations.
The TRIPS Agreement is a key agreement within the WTO framework that harmonises global standards for intellectual property rights like patents, copyrights, trademarks, geographical indications, industrial designs, etc.