This article examines the impact of the trade-related aspects of intellectual property rights (Trips) agreement on innovation in India
In 1994, India signed the Trips agreement mandated by the World Trade Organisation (WTO). The agreement, which came into effect on January 1, 1995, is the most important multilateral agreement on intellectual property (IP). By enforcing a minimum standard of IP rights internationally, Trips encourages trade and technology transfer between countries.
Consequences
[This article has been reproduced with permission from the Indian School of Business, India]