This paper analyses the implications of a trade based approach to intellectual property rights for the international patent system. It is suggested that such an approach will entail fundamental changes in the patent system, the most important of which will he that imports of the patented product would be regarded as working of the patent. This will have far-reaching impact on the technological development of the developing countries, given the large number of foreign patents in these countries. Only a united third world stand will be able to resist the pressures of the developed countries.