This is a research style-question.

In 1995, Australia was required to amend various domestic statutes pertaining to intellectual property (IP) rights to meet the minimum requirements of the WTO agreement, known as the Trade-Related Aspects of Intellectual Property Rights('TRIPS'). Since then, Australia has had to further amend domestic IP laws as part of the terms of signing various bilateral, or regional free trade agreements. In your opinion, do Australian businesses benefit each time Australia increases IP laws? Your response should include references to research and references to applicable instrument/s of international law. You should use footnotes to cite your research.