World Trade Organization

WORLD TRADE ORGANIZATION

AN D

TRIP,S

Prepared By: Rajneesh Kumar

WTO  GATT

was converted from provisional agreement into a formal international organization, on January 1, 1995  A facilitator and regulator of International business  Deals with the rules of trade between nation  To become member of WTO country must completely accept the result of Uruguay Round

Objectives of WTO:  To

help trade flow freely as possible.  To achieve further liberalization gradually through negotiation  To set up an impartial means of settling dispute  Developing full use of resources of the World  Expansion of production and

Functions of WTO:  Administering

the WTO trade

agreement  Providing the forum for negotiations among its members  Monitoring national trade policies  Providing technical assistance & training for developing countries  Co-operating with other international organizations like IMF & IBRD

WTO Principles: Non

– discrimination Prohibition of Quantitative Restriction Consultation

TRIP’s ( Trade Intellectual Property Rights) :  TRIP’S

are under the UR agreement  IPR are the rights given to person over the creation of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.  IPR may be define as “information with commercial value”

IPR customarily divided into Two Areas:

Copyright & Rights related to Copyrights:  Right

of authors of library & artistic works are protected by copyright for minimum period of 50 years after the death of author  Copyright related to performers, producer of phonograms, & broadcasting organization s  Purpose of protection to encourage & reward creative work

Industrial Rights: Industrial right divided into areas

1. Protection of distinctive 2. Protection primarily to signs in particular stimulate innovation, trademarks & design, inventions, geographical trade secrete, location. creation of technology  Purpose is to stimulate  Purpose is to provide and ensure fair competition protection for result of investment in  To protection to customer development of new technology, giving the incentive & means to financial research & development activity

Objective of Protection of Intellectual Property:  Encourage

and reward creative

work  Technological Innovation  Fair Competition  Customer protection  Transfer of Technology  Balance of right and obligation

Thank you…… …