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Intellectual property rights must be protected in international trade from "summary" of Modern Law of International Trade by Ajendra Srivastava
The protection of intellectual property rights is a crucial aspect of international trade. Intellectual property rights encompass a wide range of intangible assets, including patents, trademarks, copyrights, and trade secrets. These rights play a vital role in fostering innovation, creativity, and economic growth in a globalized economy. In today's interconnected world, where trade barriers are diminishing, the risk of intellectual property infringement has increased significantly. Without adequate protection, creators and innovators may be reluctant to invest time and resources in developing new ideas, products, or technologies. This could stifle innovation and hinder economic progress. International trade agreements, such as the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), provide a framework for the protection of intellectual property rights on a global scale. T...
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