The agreement provides for the general obligation that the parties make available to interested parties the legal means to prevent the use of funds in the designation or presentation of a form of property that indicates or indicates that the species of product in question originates from a geographic area other than the actual place of origin in a way that misleads the public as to the geographical origin of the goods. The Agreement on Trade-Related Intellectual Property Rights (TRIPS) is an agreement of international law between all World Trade Organization (WTO) member states. It sets minimum standards for the regulation of different forms of intellectual property by national governments, as is the case for nationals of other WTO member states. [3] The TRIPS agreement was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) between 1989 and 1990[4] and is managed by the WTO. But what happens when a company holds the patent for an essential drug and there is an emergency where the drug must be made available to the general public at low cost? In this case, the granting of a compulsory licence helps. It is important to place this knowledge in a broader perspective of what will drive India`s growth in the years to come. An agreement reached in 2003 relaxed domestic market requirements and allows developing countries to export to other countries with a public health problem as long as exported drugs are not part of a trade or industrial policy. [10] Drugs exported under such regulations may be packaged or coloured differently to prevent them from affecting the markets of industrialized countries. The Convention on Biological Diversity (CDB) is a legally binding multilateral environmental agreement with 194 parties (countries) as members with three objectives – the main amendments introduced in India`s patent law, which were necessary to fulfill India`s obligations to international agreements and treaties. The new Patents Amendment Act 2005 created a strong patent system in India. Overall, the current system has broadened the scope of the patent and provides strict guarantees to the patent holder.

In addition to the basic intellectual property standards set out in the TRIPS agreement, many nations have committed to bilateral agreements to adopt a higher level of protection. This collection of standards, known as TRIPS or TRIPS-Plus, can take many forms. [20] The general objectives of these agreements are that, despite the Doha Declaration, many developing countries have been under pressure in recent years to adopt or implement even stricter or more restrictive conditions in their patent laws than those provided for by the TRIPS agreement – these provisions are called “TRIPS plus”.