Question
Download Solution PDFTRIMs and TRIPs agreements are related to which of the following International Organisation?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- TRIMs (Trade-Related Investment Measures) and TRIPs (Trade-Related Aspects of Intellectual Property Rights) are agreements under the World Trade Organization (WTO).
- The TRIMs agreement aims to ensure that investment measures do not restrict or distort international trade.
- The TRIPs agreement focuses on protecting intellectual property rights and ensuring fair trade practices related to intellectual property.
- Both agreements play a crucial role in promoting globalization and ensuring uniform trade practices among member nations.
Additional Information
- I.B.R.D. (International Bank for Reconstruction and Development): Commonly known as the World Bank, it provides loans and grants to the governments of low and middle-income countries to reduce poverty and promote sustainable development.
- I.L.O. (International Labour Organization): A specialized agency of the United Nations that focuses on labor standards, social protection, and promoting decent work for all.
- I.M.F. (International Monetary Fund): An international organization that provides financial assistance and advice to member countries facing economic instability.
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