TRIPS AGREEMENT WITH REFERENCE TO LESS DEVELOPED COUNTRIES
TRIPS agreement came into effect on January 1995, The agreement provides policy about trade- related intellectual property rights, covering essential standard of earlier intellectual property conventions, standards regarding ease of use, scope and use of intellectual property rights, effective and appropriate enforcement, multilateral dispute settlement procedures and transitional arrangements for developing nations. The general agreement on tariff and trade even though it has been established for a good course, there has been a lot of hiccups and grimaces that has kept many countries at bay. Fundamentally one has to distinguish between WTO and GATT. GATT is more precisely between liberalization of border measures such as tariffs and quantitative restrictions, and the creation of rules on non border measures. The latter is the main objective of WTO. At the Uruguay round, countries took on major commitments to modernize regulations and institutions of trade administration. Coming to TRIPS, one can critically evaluate from the stand point less developed countries (LCDS). A special burden has been levied on less developed countries. It is a well known fact that the WTO agreement on TRIPS covers the seven main areas of intellectual property. The main drive of the TRIPS Agreement for trademarks is to expand protection to latest types of signals, often involving graphical designs and logos. TRIPS do not command the use of computers, of course, but good software is the core of effective public administration for trademarks. The state of the art has advanced to include graphical records and search capability and even phonetic comparisons. Adjusting to the TRIPS requirements may offer the occasion for countries to install or upgrade computerized administration and this may be an excellent opportunity for technical assistance from various sources. Developing countries may be well advised to take full advantage...
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