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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

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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).

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