The History of the TRIPS Agreement Sample Clauses

The History of the TRIPS Agreement. The international period tolerated a lot of free-riding basically because there was no enforcement mechanism in place.40 As such in the area of copyright the US who were not even members of the Berne Convention took advantage to free ride on other people’s work. However in industrial property many US companies especially in the area of pharmaceuticals relied heavily on returns from their inventions and therefore the lax system of protection did not favour their operations. “For pharmaceutical companies like Pfizer, intellectual property was an investment issue. They wanted to be able to locate production anywhere in the world safe in the knowledge that their intellectual property would be protected.”41 Ideas then to link intellectual property to trade started to float among various groups including lawyers and business enterprises. The result was that in the 1980s the US reformed its trade laws directed at countries whom the US thought had weak intellectual property systems. The amendment in 1984 of the US Trade Act included intellectual property in the section 301 trade process. This was further strengthened by the inclusion of more section 301 processes.42 The US has used these provisions in its trade relations and countries caught up in these arrangements face economic trade sanctions for failing to provide intellectual property protection to the level
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Related to The History of the TRIPS Agreement

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