Difficulty: ★ [Very easy by elimination.] Current forks: In 2013, when this agreement was proposed at the Bali Summit until 2017, February, when it came into force in India. The ON TRIPS agreement is a minimum model agreement that allows members to more broadly protect intellectual property protection on demand. Members are free to determine the appropriate method of transposing the provisions of the agreement into their own legal and practical order. TRIPS stands for Trade Related Aspects of Intellectual Property Rights. The agreement establishes minimum standards for the protection and respect of intellectual property rights in Member States, which are required to promote effective and adequate protection of intellectual property rights in order to reduce distortions and barriers to international trade. The TRIPS agreement is the result of negotiations by WTO member states. Article 40 of the TRIPS ON Agreement recognizes that certain practices or licensing conditions related to intellectual property rights that limit competition can have negative effects on trade and impede the transfer and dissemination of technology (paragraph 1). Member States may adopt appropriate measures under the other provisions of the agreement to prevent or control abusive and anti-competitive intellectual property licensing practices (paragraph 2). The agreement provides a mechanism by which a country intending to take action against such practices involving companies from another Member State will consult with that other Member State and exchange non-confidential information relevant to the public for the issue in question and other information available to that member, subject to domestic law and the conclusion of satisfactory agreements for both parties regarding compliance with its confidentiality by the member. applicant member (paragraph 3).

Similarly, a country whose companies in another Member State are subject to such measures may engage in consultations with that member (point 4). Section 24 provides for a number of exceptions to the protection of geographical indications. These exemptions are particularly important for the complementary protection of the geographical indications of wines and spirits. For example, members are not required to protect a geographic indication when it has become a generic term for the product in question (point 6).