Agreement Of Wto Slideshare
The TRIPS agreement is the only international agreement that details respect for intellectual property rights, including rules on evidence, interim measures, compensation measures and other sanctions. It states that courts must, under certain conditions, have the right to order the disposal or destruction of property that violates intellectual property rights. Intentional infringement or commercial-scale copyright piracy must be punishable. Governments must also ensure that IP rights holders are provided with assistance from customs authorities to prevent the importation of counterfeit and illegally manufactured goods. Decisions are made by the whole membership. It`s usually consensual. A majority decision is also possible, but it has never been used in the WTO and has been extremely rare under the WTO`s predecessor, GATT. The WTOs agreements have been ratified by all members` parliaments. However, the dispute resolution system cannot be used to resolve trade disputes arising from political differences.
When Qatar called for the creation of a body on the measures imposed by the United Arab Emirates, other GCC countries and the United States immediately rejected their request as a political issue and declared that national security issues were political and unsuitable for the WTO system.  The WTO deals with the regulation of trade in goods, services and intellectual property between participating countries by imposing a framework for negotiating trade agreements and a dispute settlement procedure to enforce WTO agreements signed by representatives of member governments:fol.9-10 and ratified by their parliaments.  The WTO prohibits discrimination between trading partners, but provides exceptions for environmental protection, national security and other important objectives.  Trade disputes are settled by independent WTO judges in dispute resolution proceedings.  More than three-quarters of WTO members are developing economies or least developed economies. All WTO agreements include specific provisions, including longer timelines for the implementation of commitments, measures to improve trade opportunities, and assistance in the implementation of global trade promotion services. Through these agreements, WTO members are establishing a non-discriminatory trading system that defines their rights and obligations. Each member is guaranteed that its exports to other member markets will be treated fairly and consistently.