(By Aryavart International University, India)
Dr Pulapalli Venkataramana
Vol. 7, Jan-Jun 2019
Abstract:
The Trade related Intellectual property Rights (TRIPs) as non-trade issue in International trade, is originated from the process of negotiations of Uruguay Round, though it had its roots in the history of evolving new technologies in many nations. A large number of countries participating in the negotiations had initially objected to the inclusion of IPRs in the trade framework of GATT on two grounds. Firstly, the protection of Intellectual property is not related to trade and secondly, the content of the subject of IPR was already covered by another organization, i.e. the World Intellectual Property Organization (WIPO). As a compromise between the contending Parties, the subject of negotiations was termed as Trade Related Intellectual Property Rights (TRIPs). Later the agreements on Trade Related Intellectual Property Rights formed part of the WTO (World Trade Organization) agreements.