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
Labour standards in the World Trade Organization settlement process is compulsory and the DSB's recommendations and rulings immediately become binding international law. The WTO has its origins in the 1944 Bretton Woods Conference which was convened by the Allied nations towards the end of World War II with the aim of establishing an international economic order. Although the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (now known as the World Bank) were created, the International Trade Organisation (ITO), the forerunner of the WTO, was only a proposition at this point. It was not until 1947 that negotiations were concluded and the ITO