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TRIPS Agreement Overview

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Questions and Answers

How long does the first stage, Consultation, last in the WTO dispute settlement process?

Up to 60 days

What is the first stage in the dispute settlement process at the WTO?

Consultation

What is the second stage in the dispute settlement process at the WTO?

The panel

How long does the second stage, The panel, last in the WTO dispute settlement process?

Up to 45 days for a panel to be appointed, plus 6 months for the panel to conclude Signup and view all the answers

What are the three possible outcomes of an appeal according to the text?

Uphold, modify, or reverse Signup and view all the answers

What is the maximum duration for appeals as stated in the text?

60 days, with an absolute maximum of 90 days Signup and view all the answers

What is the timeline for the Dispute Settlement Body to accept or reject appeals?

Within 30 days; rejection is only possible by consensus Signup and view all the answers

When did the TRIPS Agreement enter into force?

1 January 1995 Signup and view all the answers

What was the main concern of multinational enterprises that led to the creation of TRIPS?

Poor intellectual property protections in developing countries Signup and view all the answers

What are the three main features of TRIPS?

Standards, enforcement, and dispute settlement Signup and view all the answers

What does Part II of TRIPS set out regarding intellectual property protection?

Minimum standards in areas like copyright, trademarks, patents, etc. Signup and view all the answers

What do TRIMS refer to?

Conditions or restrictions imposed by a government on foreign investment Signup and view all the answers

What are the requirements to obtain a plant patent?

The plant must not be a tuber propagated plant, must not be found in an uncultivated state, and must be able to be asexually reproduced. Signup and view all the answers

When did the Patents Act 1970 come into force in India?

The Patents Act 1970 came into force on 20th April 1972. Signup and view all the answers

What type of patents were allowed in India based on the recommendations of the Ayyangar Committee Report?

Only process patents were allowed with regard to inventions relating to drugs, medicines, food, and chemicals. Signup and view all the answers

How long is the term of every patent granted?

The term of every patent granted is 20 years from the date of filing of the application. Signup and view all the answers