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Question

Which of the following agreements is related to the protection of intellectual properties?

A
GATT
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B
TRIPS
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C
GATS
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D
TPRB
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Solution

The correct option is B TRIPS
Intellectual property (IP) refers to the creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce. The Agreement on Trade-Related Aspects of Intellectual Property Rights or TRIPS of the WTO deals with the aspects related to IP. It sets standards for the regulation of different forms of IP.

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