Which body administers the TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement?

18. Which body administers the TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement?

  1. World Bank (WB)
  2. United Nations Organization (UNO)
  3. World Trade Organization (WTO)
  4. United Nations Conference on Trade and Development (UNCTAD)

Answer: C) World Trade Organization (WTO)

Explanation:

The World Trade Organization Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is the most far-reaching multilateral settlement on licensed innovation (IP). It assumes a focal part in working with exchange information and inventiveness, in settling exchange arguments about IP, and in guaranteeing WTO individuals the scope to accomplish their homegrown arrangement goals. It outlines the IP framework as far as development, innovation move and public government assistance. The Agreement is a lawful acknowledgement of the meaning of connections among IP and exchange and the requirement for a fair IP framework.

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