Trips Agreement What Is It

The TRIPS Agreement introduced intellectual property rights into the multilateral trading system for the first time and remains the most comprehensive multilateral agreement on intellectual property to date. In 2001, developing countries, concerned about the industrialized countries` insistence on an overly narrow interpretation of TRIPS, launched a round table that resulted in the Doha Declaration. The Doha Declaration is a WTO declaration that clarifies the scope of TRIPS and, for example, states that TRIPS can and should be interpreted with the aim of “promoting access to medicines for all”. This contribution considers this balance by considering the two poles of intellectual property policy: encouraging innovation and optimizing access to invention, both for consumer use and for experiments likely to increase innovation. This contribution also examines the notion of calibration, the idea that each country or region should adapt its regulatory framework to reflect its own strengths and weaknesses in optimizing what might be called its innovation policy. A calibration approach suggests that providing incentives for innovation and optimizing access are not mutually exclusive goals. This pressure, which can be bilateral (for example. B under the U.S. Trade Representative`s Special 301 process) or multilateral (small competing trade agreements such as the Trans-Pacific Partnership (TPP)) has multiplied in recent years due to an effective failure of negotiations within the WTO, which have stalled further progress in their latest round of negotiations, the Doha Development Round. . . .