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
 Purpose is to stimulate technology
and ensure fair  Purpose is to provide
competition protection for result of
 To protection to customer investment in
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……
…