economics medium MCQ

The TRIPS agreement administered by the WTO primarily deals with:

  1. Trade in Services
  2. Trade-Related Investment Measures
  3. Trade-Related Aspects of Intellectual Property Rights
  4. Technical Barriers to Trade

Answer: Trade-Related Aspects of Intellectual Property Rights

TRIPS establishes minimum standards for the regulation of various forms of intellectual property (IP) rights, including patents, copyrights, and trademarks, as they apply to global trade. It has been a contentious issue, particularly regarding access to affordable pharmaceuticals in developing nations.

Topic International Economics - WTO
Exam Relevance UPSC Prelims, SSC CGL
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