The Uruguay Round of trade negotiations that concluded in 1994 resulted in the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The final agreement of this round of negotiations decided to establish the World Trade Organization (WTO) and formulate corresponding rules. That is, WTO member states must abide by all agreements, including the TRIPS Agreement, while simplifying the settlement mechanism for trade disputes among member states. As of January 2002, the WTO has 144 members, and its trade volume accounts for more than 90% of the world's trade volume. More than 30 countries are in negotiations to join.
TRIPS requires all WTO members to provide minimum protection for a wide range of intellectual property rights, including copyrights, patents, trademarks, industrial designs, geographical indications, integrated circuit designs and undisclosed information. In this way, the TRIPS Agreement covers almost all existing international intellectual property agreements, such as the Paris Convention and the Nepal Convention of the World Intellectual Property Organization (WIPO), and adds some new obligations, such as geographic logos, patents, trade secrets, and government obligations in enforcing intellectual property rights.
It can be seen that the answer is the former