Trade related investment measures
A significant and ever increasing volume of world trade is now regu1,ated by Intellectual
Property Rights ('IPRs') in one form or another. As trading increases, so do
incentives to breach PRs. Counterfeiting, copying and 'piracy' are now widespread.
thus presenting barriers to fair trade. The situation is exacerbated by the fact that
such practices are not illegal in many of the less developed countries. The copying of
products has led to a considerable loss of export revenue amongst the industrialized
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