Question

Define the terms TRIPS and TRIMS​

Answer 1

☆ANSWER☆

TRIPS

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TRIPS is an international legal agreement between all the member nations of the World Trade Organization

TRIMS

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TRIMS are rules that are applicable to the domestic regulations a country applies to foreign investors, often as part of an industrial policy.

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Answer 2

• TRIMS- The Agreement on Trade-Related Investment Measures (TRIMs) are rules that are applicable to the domestic regulations a country applies to foreign investors, often as part of an industrial policy.

• TRIPS- The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). It sets down minimum standards for the regulation by national governments of many forms of intellectual property (IP) as applied to nationals of other WTO member nations.[3] TRIPS was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990[4] and is administered by the WTO.

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