MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

WTO and Benefits

TRIP is one o...

Question

TRIP is one of the WTO agreements that deal with

(a) Trade in agriculture

(b) Trade in services

(c) Trade related investment measures

(d) None of these

Open in App

Solution

The TRIP (Trade Related Aspects of Intellectual Property Rights) agreement is a World Bank agreement that deals with trade-related aspects of intellectual property rights. It states the minimum standards of protection that must be adopted by parties dealing in intellectual properties regarding copyrights, trademarks, geographical indication, industrial designs, patents, etc. Thus, it is not related to trade in agriculture, trade in services or trade-related investment.

Hence, the correct answer is option (d).

Suggest Corrections

thumbs-up

3

Similar questions

Q. Consider the following statements relating to the World Trade Organisations(WTO):

1

. The WTO deals with the global rules of trade between nations.

2

. The goal of the WTO is to help producers of goods and services, exporters and importers to conduct their business.

3

. The WTO, which is a successor body of the General Agreement on Tariffs and Trade, came into being following the Uruguay Round of Negotiations.

4

. The WTO distances itself in framing of rules on trade in intellectual property rights.
Which of the statements given are correct?

Q. What is General Agreement on Trade in Services(GATS)?

1

. It is a treaty of the World Trade Organisation(WTO).

2

. It entered into force in January

2005

as a result of the Uruguay Round negotiations.

Q. What is General Agreement on Trade in Services (GATS)?
1. It is a treaty of the World Trade Organisation (WTO).
2. It entered into force in January 2005 as a result of the Uruguay Round of negotiations.

Q. TRIP is one of the WTO agreements that deal with _________.

Q. Country A has trade agreements with Country B and Country C. Country A has another trade agreement with Country D.

In which ways has Country A done international trade?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Future Growth

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

WTO and Benefits

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon