What is the World Trade Organization?

The video discusses the evolution of the World Trade Organization (WTO) from its origins post-World War II to its formal establishment in 1995. It highlights the WTO's role in creating international trade frameworks, resolving trade disputes, and setting model policies. A key focus is on the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement, which provides a framework for recognizing and enforcing intellectual property rights globally. The video also touches on how countries often enter into bilateral agreements to complement WTO provisions, emphasizing the importance of these frameworks in facilitating international trade and protecting intellectual property.

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