TRIP meaning in Business ?

Answer: What is Trade-Related aspects of Intellectual Property Rights mean?

The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). It establishes minimum standards for the regulation by national governments of different forms of intellectual property (IP) as applied to nationals of other WTO member nations. TRIPS was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990 and is administered by the WTO.

The TRIPS agreement introduced intellectual property law 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 that developed countries were insisting on an overly narrow reading of TRIPS, initiated a round of talks that resulted in the Doha Declaration. The Doha declaration is a WTO statement that clarifies the scope of TRIPS, stating for example that TRIPS can and should be interpreted in light of the goal "to promote access to medicines for all."

Specifically, TRIPS requires WTO members to provide copyright rights, covering authors and other copyright holders, as well as holders of related rights, namely performers, sound recording producers and broadcasting organisations; geographical indications; industrial designs; integrated circuit layout-designs; patents; new plant varieties; trademarks; trade names and undisclosed or confidential information. TRIPS also specifies enforcement procedures, remedies, and dispute resolution procedures. Protection and enforcement of all intellectual property rights shall meet the objectives to contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations.

reference

Full Form	Category
Turning Research Into Practice	Academic & Science
Tuition Reduction Incentive Program	Academic & Science
Temporary Registration In Progress	Academic & Science
Translating Research into Practice	Academic & Science
Theory And Research Into Practice	Academic & Science
The Redman Invoice Processor	Business
Trust Respect Integrity And Productivity	Business
Technology Research Investigative Project	Business
Training Responsibility Involvement And Preparation	Business
Trade-Related aspects of Intellectual Property Rights	Business
Trade Related Intellectual Property	Business
Television Radio Interviews Performances	Community
Tourism Research Inventory Product	Community
Telephony Routing Information Protocol	Computer and Networking
Trade Related Aspects of Intellectual Property	Computing
Telephony Routing Over Ip	Computing
Transcontinental Isdn Project	Computing
Traveler Redress Inquiry Program	General
TRG Rapid Inquiry Program	General
Transformation Induced Plasticity	General
Traveller's Road Information Portal	General
Transport Research and Innovation Portal	General
The Road Information Program	General
Truancy Reduction Impact Program	General
Twins Reconaissance Increases Peril	General
Town Road Improvement Program	General
Transfusion Reactions In Patients	General
Transforming The Radiological Interpretation Process	General
Topic Relationship Identity Process	General
Transboundary Resource Inventory Program	Governmental
Transportation Reimbursement And Information Program	Governmental
Transportation Reform And Improvement Plan	Governmental
Terrorism Risk Insurance Program	Insurance
Teaching Research and International Policy	International
Tailored Relocation Individualized Program	Jobs
Transforming the Radiological imaging Process	Medical
TAR RNA Interacting Protein	Medical
Travel-Related Immunization Program	Medical
Troy Rehabilitation Improvement Program	Medical
Token Ring Interface Processor	Networking
Telephone Routing Over Internet Protocol	Networking
Technical Result and Investment Portfolio	Stock Exchange
Technology References Ideologies and Preferences	Technology