Trade Related Intellectual Property Rights

We are living in the era of global village. 1nterdepenrk.n~~) amorzg the nation states for various reasons has changed the eyuatiow of the world. Conqtiering a new stute and ruling a nation wus once in the top priority chart for all most all the developed nations. The ~var:firi.c. with arms and ummu~zitions has almost come to an end but insterrd another warfare Itas started and it is the "Economic Wa!-f1ref'. The prioriof for developed countries has shffted its pwadigm. In lieu of Izaving a huge territorial boundary, trade balance sheet has become the point of concentration. Eventually new imperialism took place in the name of International trade regimes. Worl Trade Oipnization (WTO) is one of the most influential among thesc. 2 ince its inception in tltr yctrr 1995, the organization regtilates the world trade including the service.^ and matter related with intellectual properties. WTO jormulates ninriy agreenzents for its inernher countries to control its area of concrrn. Trade Related Intellectual Property Rights (TRIPS) is one of the most important agreements concerning the ownership of inrzovations ,for product and processes. The main objectives of the Agreement are to ensure the original ownership and to motivate the innovators ant1 ,its investor^.^ Althozigh the focus of the agreement looks good in macro view, it overlooks the traditional ownership of the people speciully the poor people living in the developing countriesJ& some way or other tlic~ agreement is biased towards the technologically advanced nations. This article tries to cover the major area of concern for the developing countries due to enactment of TRIPS. This endeavor shows the impoct of Patent provisions on the nzajors sectors of the developing countries. It is confined with the general observations for the developing cotintries as a whole. As a developing country Bangladesh has to face the same challenges as the other developing nations do. Therefore, the article shows nothing with special regard to Bangladesh only.