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Bilateral IP and trade agreements that operate beyond the WTO/WIPO - Coursework Example

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Bilateral IP and Trade Agreements that Operate beyond the WTO/WIPO (Topic 1) Name: School: Professor: Number: Subject: Date: Word Count (Excluding Title Page, Headings, Foot Notes, In-text and References) = ~ 3400 words Bilateral IP and Trade Agreements that Operate beyond the WTO/WIPO (Topic 1) Introduction The World Trade Organisation (WTO) is an international institution that develops policies for international trade and ensures smooth and predictable practices for global trade.   It replaced the GATT (General Agreement on Tariffs and Trade) and came into being since 1st January 1995, and now developed the multilateral trade agreements.  Following a large increase in the global trade,…
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Download file to see previous pages n discussions with respect to specific issues1. The WIPO is another International organization that aims at the management of policies for international protection of IP. It has created the WIPO Development Agenda (WDA) which aims to be an integral part of the WIPO operations. It was being put into place in October 2007 and then was 45 recommendations when it was formally adopted2. The WIPO Development Agenda’s can be divided into 6 groups, along with managing the implementation of these 45 Recommendations by several Development Committees setup on IP3. These Committees would also monitor and develop these recommendations further and handle any kind of problem related to these recommendations, along with the General4. Role of the WIPO and the WTO The highest decision making body of the WTO is the Ministerial Conference, chosen every 2 years, followed by the General Council (made up f Ambassadors or delegates) and the Goods Council, Intellectual Property Council or the TRIPS and the Services Council (which work under the General Council).  Other than these, the WTO also has special committees, task force and working groups.  The WTO Declaration was created during the Uruguay Round of Negotiations during the period1986 to 19945.                 The WTO is primal to protection and development of Intellectual property and application trade from across the world.  It has administered the “Trade Related Aspects of Intellectual Property Rights” (TRIPS), which helps set minimum standards in various forms of intellectual property along with enforcement and managing infringement of IP.  During the Uruguay Round of the GATT negotiations, the TRIPS was developed and several nations are signatory to the same.   Many areas of IP are covered under the TRIPS regulations including patents, trademarks, copyrights, Geographical indications, industrial designs, appellation of origin, plant varieties, trade dress, confidential information, etc.  It would also setup various enforcement measures, dispute resolution and remedies to prevent violation of IP, besides, safeguarding the owner’s IP and ensuring effective sharing and transfer of technology, and also permitting benefits for the society.   However, today TRIPS has been criticised by several 3rd world nations as the costs of drugs are on the rise and there is no relief for several of the burning public health problems.  The DOHA Declaration of 2001 was created so that the interested of the developing nations could be protected especially from health epidemics which were huge public health concerns. TRIPS had been certain leniencies and it was not clearly ...Download file to see next pagesRead More
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