Question : TRIPS and TRIMS are the terms associated with
Option 1: IMF
Option 2: WTO
Option 3: IBRD
Option 4: IDA
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Correct Answer: WTO
Solution : The Correct Answer is WTO
WTO is connected to the terms TRIPS and TRIMS. The World Trade Organization's (WTO) members have all agreed to abide by the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). WTO members are required by the TRIPS Agreement to notify the TRIPS Council of specific events. These notifications give members the opportunity to review one another's legislation, an essential task for the council.
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