TRIPS Agreement pertains to

The TRIPS Agreement, or the Agreement on Trade-Related Aspects of Intellectual Property Rights, is a foundational multilateral treaty under the World Trade Organization (WTO) [2]. It establishes the minimum standards for intellectual property (IP) protection that each member country must provide to fellow members [1]. The agreement is comprehensive, covering various forms of IP including patents, copyrights, trademarks, geographical indications, industrial designs, and trade secrets [2]. TRIPS was negotiated during the Uruguay Round (1986–1994) to address the growing importance of knowledge and ideas in international trade [1]. It aims to reduce distortions in global trade by ensuring that IP rights are effectively protected and enforced across borders, thereby encouraging innovation and technology transfer while providing a legal framework for dispute settlement between member nations [4].

Sources

1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > 13.9 Trade Related Aspects of Intellectual Property Rights (TRIPS) > p. 388
2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Agreement on Trade-Related Aspects of Intellectual Property Rights > p. 542
3. [4] https://www.wto.org/english/docs_E/legal_E/27-trips.pdf