TRIPS and Its Futures

THE FUTURE OF THE GLOBAL INTELLECTUAL PROPERTY SYSTEM, Graham Reynolds, Alexandra Mogyoros and Teshager Dagne, eds., University of Ottawa Press, 2024, Forthcoming

Texas A&M University School of Law Legal Studies Research Paper No. 24-04

17 Pages Posted: 3 Jul 2023 Last revised: 2 Jan 2024

See all articles by Peter K. Yu

Peter K. Yu

Texas A&M University School of Law

Date Written: June 22, 2023

Abstract

About three decades ago, the TRIPS Agreement arrived with the establishment of the World Trade Organization. This agreement transformed the international intellectual property regime by marrying intellectual property with trade. Despite having its standards drawn mostly from the Global North, the agreement also provided catch-up opportunities to large emerging countries such as Brazil, China, and India.

While the TRIPS Agreement has provided benefits to some WTO members, other members have struggled with the high international intellectual property standards that had arguably ignored their local needs, national interests, technological capabilities, institutional capacities, and public health conditions. Struggling the most were the world's poorest countries, which have repeatedly asked the WTO to extend their TRIPS transition period. Governments, intergovernmental bodies, nongovernmental organizations, and individual experts have also condemned the significant deleterious effects of the TRIPS Agreement and TRIPS-plus bilateral, regional, and plurilateral trade agreements.

As we head towards the thirtieth anniversary of the WTO, it is high time we explore what the future will hold for the TRIPS Agreement. This chapter begins by revisiting the past to examine whether the TRIPS Agreement would have been adopted had it been negotiated today. The chapter then discusses whether a major overhaul of the agreement will take place in the near future. Taking note of the fast-evolving international normsetting environment and the lack of breakthroughs in the Doha Round in the past decade, this chapter concludes by offering three recommendations on how the TRIPS Agreement could, and should, be updated even without a major overhaul.

Suggested Citation

Yu, Peter K., TRIPS and Its Futures (June 22, 2023). THE FUTURE OF THE GLOBAL INTELLECTUAL PROPERTY SYSTEM, Graham Reynolds, Alexandra Mogyoros and Teshager Dagne, eds., University of Ottawa Press, 2024, Forthcoming, Texas A&M University School of Law Legal Studies Research Paper No. 24-04, Available at SSRN: https://ssrn.com/abstract=4487863 or http://dx.doi.org/10.2139/ssrn.4487863

Peter K. Yu (Contact Author)

Texas A&M University School of Law ( email )

1515 Commerce St.
Fort Worth, TX Tarrant County 76102
United States

HOME PAGE: http://www.peteryu.com/

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