Law and Humanities
Quarterly Reviews
ISSN 2827-9735
Published: 19 September 2022
The Role of the WTO in Making a Trips Agreement as part of International Economic Law Sources
Anastasia Zefanya
Universitas Padjadjaran, Indonesia
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10.31014/aior.1996.01.03.27
Pages: 122-129
Keywords: Intellectual Property Rights, TRIPs Agreement, WTO
Abstract
This research is a cross-border economic study that explains the role of the international trade organization, better known as the WTO. The WTO was officially established on January 1, 1995, with GATT's pioneer. At that time, the existence of GATT was still temporary. The framework for trade liberalization appears in the form of the WTO Agreement, which accommodates general provisions relating to trade. In the WTO Agreement agreed upon by the member countries, there are several additional agreements, such as the Agreement on Agriculture and TRIPs Agreement. In this study, we will discuss further the impact of the additional TRIPs Agreement made by the WTO and how it affects the global economy, accompanied by examples. Then it will be explained further how TRIPs minimize the negative impact of the agreement.
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