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Glossary: TRIPS

Photo: Intellectual property rights
Photo: Intellectual property rights

Acronym in full: Trade-related Aspects of Intellectual Property Rights

Agreement on Trade-related Aspects of Intellectual Property Rights (TRIPS) is a treaty of the WTO. As intellectual property became more important in trade, TRIPS aims to narrow the gaps in the way these rights are protected around the world, and to bring them under common international rules. It establishes minimum levels of protection that each government has to give to the intellectual property of fellow WTO members.


Related articles:

Related term: WTO 


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