Industrial design rights in the European Union of industrial design rights is required by the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS, Arts. 25 & 26), to which the European Union is a party. The Regulation on Community designs provides for the recognition of the priority date of an application for design right registration in a country which is either a member of the World Trade Organization or a party to the Paris Convention for the Protection of Industrial Property. On 1 January 2008, the European Union became a party to the Geneva Act of the Hague Agreement Concerning the International Registration of Industrial Designs
Trade in services account for 70% of economic output in the United States and 75% in the European Union. During the Uruguay Round of the General Agreement on Tariffs and Trade (GATT), the General Agreement on Trade in Services was drafted, and became enshrined as one of the four pillars of the international treaty comprising the World Trade Organization Agreement in 1995. Regional trade in services agreements are also negotiated and signed between regional economic groupings such as CARICOM, North American Free Trade Agreement (NAFTA) and ASEAN. Beginning in February 2012, 50 countries (28 of which are represented by the European Union) around