International Trade, GATT and the WTO Answers

Additional protections provided by the Trade-Related Aspects of Intellectual Property Rights (TRIPS) are that (a) computer programs receive copyright protection (protected as literary works), (b) rental rights receive copyright protection, (c) service marks receive the same protection as trademarks, (d) geographic indications are protected, (e) industrial designs are protected for at least ten years, and (f) patent protections for both products and processes lasts for at least twenty years.

A congressional-executive agreement must pass both houses by unanimous vote.

Advantages to free-trade agreements (FTAs) are that they increase trade barriers (both tariff and non-tariff barriers), open up market to exporters, and increase jobs domestically.