The Agreement on trade aspects of intellectual property rights (TRIPS) is an international agreement managed by the World Trade Organization (WTO) that sets minimum standards for many forms of intellectual property (IP) regulation applicable to nationals of other WTO members. It was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994. Impact of the Regional Trade Agreement/Trans-Pacific Partnership (TPP) on the WTO On 30 August 2003, WTO members agreed on the issue of TRIPS and medicines. At the General Council, member governments approved a decision that provides for a provisional derogation under the TRIPS Agreement allowing a Member State to export pharmaceutical products manufactured under compulsory licence to other least developed members and certain others. It also allows members not to allow access to patents. The 1995 Food Aid Convention added pulses to the list. Agreements that grant preferential treatment to a small number of members must not create new barriers to trade for non-members. .