All Exams Test series for 1 year @ ₹349 only
Question

The Preamble to Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS) lays down

(a) public policy objectives of national system
(b) special needs of the least developed countries
(c) resolving IP disputes through multilateral procedures
(d) establishing mutually supportive relationship between WTO and WIPO

Which of following is/are true?

The correct answer is
(a), (b), (c) and (d) are true

TRIPS Preamble Objectives Analysis

The Preamble to the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) sets out the foundational principles and objectives of the agreement within the World Trade Organization (WTO) framework.

Evaluating Preamble Statements

Let's examine each statement in relation to the TRIPS Preamble:

  • Statement (a): The Preamble acknowledges the need to promote effective and adequate protection of intellectual property rights (IPRs) while ensuring that measures and procedures do not themselves become barriers to legitimate trade and investment. This relates to public policy objectives underlying national IPR systems.
  • Statement (b): The TRIPS Agreement includes specific provisions and transition periods designed to accommodate the developmental and technological needs of developing countries and, in particular, least developed countries (LDCs). The Preamble implicitly supports these considerations.
  • Statement (c): As an integral part of the WTO Agreement, TRIPS operates within a system designed for multilateral trade relations. The Preamble reflects the goal of establishing a framework for the resolution of intellectual property disputes through established multilateral procedures.
  • Statement (d): The TRIPS Agreement aims to establish a mutually supportive relationship between the WTO and the World Intellectual Property Organization (WIPO), recognizing WIPO's role in international IPR matters. The Preamble reflects the intention of cooperation between these bodies.

Based on the scope and intent outlined in the TRIPS Preamble, all the listed statements (a), (b), (c), and (d) are considered true objectives or principles addressed by the agreement.

Was this answer helpful?

Important Questions from Intellectual Property Rights (IPRs)

  1. The subjective matter of 'property' is used by Sale of Goods Act refers to __________.
  2. What is the validity period of patent as per Patent (Amendment) Act 2006 ?
  3. "If one's artistic expressions are synonymous with one's personality, then they are deserving of protection just as much as the physical person. "

    The above observation is true about which theory of intellectual property?
  4. Super Cassettes Industries Ltd. Vs. Myspace Inc. 2011 is a leading case on the Copyright Act, 1957 dealing with which section of the Act?
  5. Bayer Corporation Vs. Union of India, 2011 case is dealing on which subject matters?
Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App