Iceland is a member state of the Paris Convention for the Protection of Industrial Property, European Economic Area (EEA) which is a bilateral agreement between European Union (EU) and the EFTA countries (Norway, Iceland and Lichtenstein, Protocol relating to the Madrid Agreement concerning International Trademark Registration, Patent Cooperation Treaty (PCT), The Geneva Act of the Hague Agreement concerning the International Registration of Industrial Designs and European Patent Convention (EPC), WTO and TRIPS.