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Trade Agreements - Lesson Summary

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Trade Agreements - Lesson Summary

The TRIPS Agreement plays a critical role in facilitating trade in knowledge and creativity, in resolving trade disputes over intellectual property, and I assuring WTO members the opportunity to achieve their domestic objectives.
A copyright is a legal term used to describe the rights that creators have over their literary and artistic works.
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises.
The Multi-Fiber Arrangement governed the world trade in textiles and garments from 1974 to 1994 imposing quotas on the amount of textiles developing countries could export to developed countries.
The highest decision-making body of the UNCTAD is the quadrennial conference at which member States make assessments of current trade and development issues and policy options.
The Generalized System of Preferences is a non-contractual instrument by which industrialized countries unilaterally and on the basis of non-reciprocity, extend tariff concessions to developing countries.
Regional Economic Integration refers to an agreement between groups of countries in a geographical region that seeks to reduce and remove tariff and non-tariff barriers to the free flow of goods, services and factors of production.
The dynamic effects of integration refer to the overall growth in the market and the impact on a company that is caused by an expansion in production and its ability to achieve better economies of scale.
In international business, multilateralism refers to an alliance of multiple countries that are pursuing a common goal.