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In intellectual property, refers to the requirement of the TRIPS Agreement applying to WTO members which do not yet provide product patent protection for pharmaceuticals and for agricultural chemicals. Since 1 January 1995, when the WTO agreements entered into force, these countries have to establish a means by which applications of patents for these products can be filed. (An additional requirement says they must also put in place a system for granting exclusive marketing rights for the products whose patent applications have been filed.)
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- Part of Speech: noun
- Synonym(s):
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- Industry/Domain: Economy
- Category: International trade
- Organization: WTO
- Product:
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