The TRIPS agreement was supposed to bring homogeneity in the Intellectual property regime of the developing & the developed world. However, it has also brought both of them at a level of confrontation against each other. Discuss.

Ans: The TRIPS agreement that was signed under a package deal of Uruguay round of WTO to reduce barriers to international trade, has not taken away from the WTO member states, the right to independently adopt IPR laws. It has actually enforced all the states to frame the policy that should provide the minimum standards of protection as introduced in the agreement.

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