This work stresses the importance of thè mie of intellectual property (specifically copyrights) for the relationship between trade and economic development. To a certain extent, the Trade Related Aspects of Intellectual Property Rights Agreement tries to harmonize the different legislations of the member countries. However, sometimes the ownership rights of ideas are not properly acknowledged and protected. The various and sometimes unsuccessful attempts to protect the Traditional Knowledge reflect this diversity. This paper explores the possible ways to deal with such an argument, with the aim of making Traditional Knowledge "value driven and market accepting" (Finger 2000).