The Role Of Intellectual Property In International Trade

Mr. Divya Bhushan, JEMTEC Department of Law, Greater Noida (affiliated to Guru Gobind Singh Indraprastha University, New Delhi)

ABSTRACT:

Intellectual property (IP) rights are critical for encouraging innovation, facilitating economic growth, and safeguarding the rights of creators and innovators. This study investigates the complex relationship between intellectual property and international trade. It examines the impact of intellectual property protection on trade flows and foreign direct investment, analyses the challenges and debates surrounding intellectual property in global commerce, and discusses the role of international agreements in harmonising intellectual property laws. The paper concludes by emphasizing the importance of a balanced and inclusive approach to intellectual property in promoting sustainable development and global trade.

Keywords: Intellectual Property, International Trade, Economic Growth, TRIPS, Doha Agreement, WIPO, Trade Issue, Competition Policy.