Question

TRIPS, forming part of the World Trade Organization is intended

Options

• to provide for stronger patent protection

• to promote transnational corporate interests

• to harmonize IPR regime internationally

• to replace the World Intellectual Property Organization

Answer 1

TRIPS, forming part of the World Trade Organization is  intended to harmonize the IPR regime internationally

Explanation:

The Agreement on Trade-Related Aspects of  Intellectual Property Rights (TRIPS) is an international agreement administered by the World Trade  Organization (WTO) that sets down minimum standards for many forms of intellectual property (IP)  regulation as applied to nationals of other WTO  Members.