ByAakash Hinger Khushbu Jain Vijay Vinoth Kumar

The World Trade Organization (WTO) is the international body dealing with the rules of trade between nations. Its goal is to supervise and expand international

trade, monitor national trade policies, and provide technical assistance to

developing nations. The WTO is a forum for negotiating and formalizing agreements between nations, as well as resolving disputes. The organization grew

from the General Agreement on Tariffs and Trade (GATT), which was established
shortly after World War II. The WTO officially began in 1995 and now has 153 member countries, representing more than 97% of the world's trade. An additional

30 nations are currently observers seeking membership.

 Administering trade agreements

Acting as a forum for trade negotiations Settling trade disputes

Reviewing national trade policies

Assisting developing countries in trade policy issues, through technical

assistance and training programmes Cooperating with other international organizations

 (i) To implement the new world trade system as visualized in the Agreement;
(ii) To promote World Trade in a manner that benefits every country; (iii) To ensure that developing countries secure a better balance in the sharing of the advantages

resulting from the expansion of international trade corresponding to their developmental needs;
(iv) To demolish all hurdles to an open world trading system and usher in international economic

renaissance because the world trade is an effective instrument to foster economic growth;
(vi) To increase the level of production and productivity with a view to ensuring level of

employment in the world;

(vii) To expand and utilize world resources to the best.

The Agreement on Trade Related Aspects of Intellectual Property Rights 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. It was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994.

 The rights given to persons over creations of

their minds
The product should be unique and have some

value in the market.

Patent
A Patent Is a statutory Instrument of Monopoly granted as a reward

- For An Invention - By The Government - To The Inventor - For A limited Period.

In return for which the inventor has to disclose to the Public, his invention in its entirety.

 Exclusive privilege to authors to reproduce,

distribute, perform, or display their works.

Literary works, including computer programs Musical works and lyrics Dramatic words choreographic works Pictoral, graphic, and sculptural works Motion pictures and audiovisual works Sound recordings Architectural works

 Word or symbol used by manufacturers to identify goods. It is a distinctive sign which is used to prevent confusion among products

in the marketplace.

 NOVARTIS AG V. UNION OF INDIA

 Monsanto

All In all, We are in for a major change in the way the patent system will be utilized in India. To succeed you need a change in mindset, new approaches & motivation. To Get Something, You Need To Combine Both Method And Motivation. -Motivation Without Method Is Ineffective. -Method Without Motivation Usually Sits On The Library Shelf