Which of the following statements is true of Trade Related Aspects of International Property Rights (TRIPS) and the member nations of the World Trade Organization (WTO)?
A) In the Paris Convention of 1883, the members of the WTO accepted TRIPS as the solution to issues related to intellectual property rights.
B) TRIPS entered into force with the conclusion of the Berne Convention of 1886.
C) Developed countries had to comply with TRIPS 11 years after it came into force.
D) China has changed its intellectual property laws to come into compliance with TRIPS.

Question

Quizplus · Accepted Answer

China has revised its intellectual property laws and regulations to comply with TRIPS after joining the WTO in 2001. TRIPS itself was established in 1995 as a part of the Uruguay Round negotiations and became binding on all WTO member countries, with developed countries having to comply immediately and developing countries having to comply within a transition period of five to ten years. The Berne Convention, mentioned in choice B, deals with copyright protection whereas TRIPS covers various intellectual property rights such as patents, trademarks, and geographical indications. The Paris Convention of 1883, mentioned in choice A, predates TRIPS and is a separate agreement on industrial property.

Which of the Following Statements Is True of Trade Related