What is TRIPS Agreement?

0
Posted

What is TRIPS Agreement?

0

TRIPS agreement is the account or the description of the functions and responsibilities that are played and take part of the corporate actors or the multinational companies in order for them to ensure that the trade regulation is capable of protecting or securing the interest of the global commercialism to an extent that was not witnessed before in the relation to the international protection or fortification of the intellectual property rights (2001). There are many features and characteristics that are included in the TRIPS agreement including the agenda-setting, interpretation of the legal aspect, implementation as well as the process of enforcement and revision by looking at the viewpoint of the global business interests and the developing countries (2001). TRIPS agreement has a reflective and deep implication that stands for the commercial interests of the global corporate actors as well as for the access to the technology for the developing countries (2001). It is said that the a