An examination of how the World Trade Organization agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs) has changed the way medicines are handled in the international community.
Written in 2009; 3,948 words; 12 sources; MLA; $ 107.95
Paper Summary:
This paper discusses the World Trade Organization agreement on Trade-Related Aspects of Intellectual Property Rights, which is also known as TRIPs. The paper first discusses the history of the agreement and the aspects that the laws encompass. The paper then focuses on how the TRIPs agreement has changed the way medicines are handled in the international community.
From the Paper:
"The TRIPs agreement has changed the way medicines are handled in the international community and has also changed the way intellectual property rights are handled. The compulsory licensing provision has made it possible for people in less fortunate countries to produce their own anti-AIDS drugs, since they are so expensive to get from other countries. This was done in an attempt to neutralize the monopoly that developed countries have on this industry, but it has thus far not been successful. WTO member nations are constantly looking to outdo one another economically, which leads to many disputes between member nations. With this agreement, countries can produce patented material without permission if the circumstances are right. While this is a step in the right direction, many member countries still cannot afford to produce the vast amounts of medicine that is needed to end these health epidemics. Likewise, parallel importing has created a system where countries can shop around for the best prices on certain products and are not forced to purchase these products directly from the manufacturer. The international community should support one another in order to ensure that proper healthcare is available to all countries who have signed in to the WTO because only this will ensure the long term survival of the pact."
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