This accounts for the appropriation of many of the conditions resulting from previous global conventions relating to intellectual property for use in the TRIPS
legislation, with its reinforcement under the parameters of the new WTO
denoting an intellectual property structure with theretofore unprecedented
regulatory relevance. (Chadha, 1)

In considering the content of the TRIPS agreement in light of its legal
implications, the function of the WTO comes into more vivid focus. Indeed,
we can see through its approach to intellectual property and patent
protections, which its legislative and philosophical thrust tends to
endorse as a mode to sustainable global development, that the WTO is
designed to reduce the impact of tariffs, diplomatic trade obstructions and
basic social/legal/political differences in the interests creating globally
viable standards in all categories of...

According to this exact premise, the TRIPS agreement functions to serve this interest in the
categories of intellectual property and patenting.

In sum, Agreement on Trade-Related Aspects of Intellectual Property Rights
(TRIPS) is aimed at imposing stronger regulatory means to supporting the
protection of patents and of intellectual property, operating under the
premise that this will help to stimulate innovation, profitability and self-
sufficiency in developing countries. This issue continues to prompt broad
social discontent over the implications of globalization.

Sources

A. Chadha. "TRIPS and Patenting Activity : Evidence From the Indian
Pharmaceutical Industry." U. of Conn.: Dept. of Econ. (2005).

Z. Chengsi. "The TRIPS Agreement and Intellectual Property Protection in
China." 9 Duke J. of Comp. & Int'l L.. (2000).

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