The Uruguay Round of the WTO achieved many significant breakthroughs in trade.One of the most significant was of particular interest to those in the technology field.Which of the following was considered to be a significant breakthrough of the Uruguay Round?

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The significant breakthrough of the Uruguay Round for those in the technology field was the creation of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement. This agreement established minimum standards for the protection of intellectual property rights, such as patents, copyrights, and trademarks, across all WTO member countries. It also provided for mechanisms to enforce these protections and resolve disputes. This was particularly important for technology companies, which rely heavily on intellectual property rights to protect their innovations and investments in research and development.

The Uruguay Round of the WTO Achieved Many Significant Breakthroughs