Wto And Trips Agreement

In particular, the United States has been criticized for pushing protection far beyond the standards prescribed by the TRIPS Agreement. U.S. free trade agreements with Australia, Morocco, and Bahrain have expanded patentability by requiring patents to be available for new uses of known products. [39] The TRIPS Agreement allows for compulsory licensing at a country`s discretion. U.S. free trade agreements with Australia, Jordan, Singapore, and Vietnam have limited the application of compulsory licenses to emergencies, antitrust remedies, and cases of non-commercial public use. [39] The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement between all Member States of the World Trade Organization (WTO). It establishes minimum standards for the regulation of various forms of intellectual property (IP) by national governments, as applied to nationals of other WTO member states. [3] The TRIPS Agreement was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990[4] and is administered by the WTO. .