Question

TRIPS (Trade Related Aspects of Intellectual Property Rights) agreement is administered by

• A. UNCTD
• B. UNO
• C. WTO
• D. World Bank

Answer 1

The Correct Option is C

Step 1 — Understand the question:
The question is: "TRIPS (Trade Related Aspects of Intellectual Property Rights) agreement is administered by?"
This means we need to identify which international organization is responsible for managing and enforcing the TRIPS agreement, which deals with intellectual property rights in global trade.

Step 2 — Recall what TRIPS is:
The TRIPS Agreement stands for Trade-Related Aspects of Intellectual Property Rights. It is one of the most comprehensive international agreements on intellectual property (IP). It sets minimum standards for regulation of IP rights (like patents, copyrights, trademarks, trade secrets, geographical indications, etc.) for all member nations.

Step 3 — Historical background:
- TRIPS was negotiated during the Uruguay Round of trade negotiations (1986–1994).
- It became a part of the package of agreements that established the World Trade Organization (WTO) in 1995.
- Unlike earlier IP agreements which were handled by the World Intellectual Property Organization (WIPO), TRIPS was included under WTO because of its direct link with international trade.

Step 4 — Administration of TRIPS:
The World Trade Organization (WTO) administers the TRIPS Agreement. This means:
- WTO ensures that all its member countries follow the agreed standards of IP protection.
- Disputes related to TRIPS are resolved under the WTO’s dispute settlement mechanism.
- WTO also coordinates with WIPO for technical aspects of IP, but the legal and trade enforcement authority rests with WTO.

Step 5 — Final conclusion:
Thus, the TRIPS Agreement is administered by the World Trade Organization (WTO).

Answer: The correct option is (C) : WTO.