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International Trade Meets Intellectual Property: The Making of the TRIPS Agreement (Abridged) Case Solution & Answer

This Case is about ECONOMICS, FINANCIAL MANAGEMENT, GLOBALIZATION, IT, OPERATIONS MANAGEMENT, POLICY

PUBLICATION DATE: February 28, 2008 PRODUCT #: HKS432-HCB-ENG

This is an abridged variation of note NR15-02-1661.0. The focus of international trade settlements was once quotas and tariffs – how much of a specific product could be imported and the task imposed at the border. As the world economy has experienced deeper combination, interest has shifted away from tariffs and quotas to the intricate policies and guidelines that impact the international motion of goods, services and investment. Such policies consist of securities for intellectual property rights.

Negotiated throughout the Uruguay Round, the 1994 Agreement on Trade Related Aspects of Copyright Rights (TRIPs) substantially widened the reach of the trading program by establishing. a detailed set of global trade guidelines for intellectual property. World Trade Company (WTO) members are now obliged to embrace policies that safeguard patents, hallmarks, and copyrights. While nations stay totally free to offer even more defense than the TRIPs needs, the agreement sets minimum requirements. 1661.3

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