Which One Of The Following Is An Agreement Regulating Intellectual Property

Each country must ensure that its laws comply with the obligations of the agreement, in accordance with the timetable set out in the agreement. Most of them must legislate to implement the obligations. After the Uruguay Round, THE GATT became the basis for the creation of the World Trade Organization. Since ratification of TRIPS is a precondition for membership of the World Trade Organization, any country seeking difficult access to the World Trade Organization`s many international markets must adopt the strict intellectual property laws imposed by TRIPS. This is why TRIPS is the main multilateral instrument for the globalization of intellectual property laws. Countries such as Russia and China[5], which were very unlikely to see the Berne Convention, saw the prospect of WTO membership as a great temptation. As in the General Agreement on Tariffs and Trade (GATT) and the General Agreement on Trade in Services (GATS), the starting point of the ON-TRIPS agreement is the basic principle. As in the other two agreements, non-discrimination plays a major role: national treatment (which does not treat foreigners less favourably than its own nationals) and the MFN (non-discriminatory among nationals of trading partners). The issue is also a key principle in other IP agreements outside the WTO. In particular, the TRIPS requires WTO members to grant intellectual property rights to authors and other copyright holders as well as to neighbouring rights holders, i.e.

performers, phonograms and broadcasters; Geographical indications Industrial designs; Built-in switching designs Patents New plant varieties Brands; Trade names and undisclosed or confidential information. TRIPS also defines enforcement procedures, remedies and dispute resolution procedures. The protection and enforcement of all intellectual property rights must be consistent with the objectives that contribute to the promotion of technological innovation and the transfer and dissemination of technology, to the mutual benefit of producers and users of technological knowledge, and in a way that promotes social and economic well-being, and a balance of rights and obligations. When the government authorizes the marketing of the pharmaceutical or agricultural chemical in question during the transitional period, it must, under certain conditions, grant the registrant an exclusive marketing right for the product for a period of five years or until it is decided to obtain a product patent, with the shortest date chosen (Article 70.9).