Q. TRIPS Agreement pertains to____________?
a. international tariff regime
b. intellectual property protection
c. international practices on trade facilitation
d. international taxation of property
The Agreement on Trade-Related Aspects of Intellectual Property Rights(TRIPS) is an international legal agreement between all the member nations of the World Trade Organization(WTO). It sets down minimum standards for the regulation by national governments of many forms of intellectual property(IP) as applied to nationals of other WTO member nations.TRIPS was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994 and is administered by the WTO