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

The WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs) is an international agreement that sets a baseline for IPR protection that each WTO Member has to provide. The TRIPs covers a wide range of IPRs, including copyrights, trademarks, patents of GIs.

The TRIPS requires WTO Members to implement effective and adequate protection and enforcement measures for these IPRs. It also establishes obligations related to dispute settlement, technology transfer, and access to medicines. By harmonising IPR standards, the TRIPs intends to promote innovation, creativity, and economic growth.