- Recently WTO celebrated the 30th anniversary of TRIPS.
- TRIPS evolved out of the Uruguay Round of ‘General Agreement on Tariffs and Trade (GATT)’ negotiations.
- In the year 1995, WTO was established in place of GATT.
- TRIPS came into force on 1995.
- It is the most comprehensive multilateral agreement on intellectual property.
- It provides protection to intellectual property rights by setting minimum standards.
- Any invention; literary and artistic works; Provides exclusive rights on the use of originality such as design.
- Copyright, trademark, geographical indication, industrial design, patent are included under this.
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