/trɪps/ – noun
Definition: Hiệp định Thương mại Triển vọng (TRIPs) là một hiệp định quốc tế về quyền sở hữu trí tuệ.
A more thorough explanation: an international agreement for the protection of intellectual property (=an idea, design, invention, creation etc that can be protected by law); the abbreviation stands for Trade-Related Aspects of Intellectual Property Rights
Example: TRIPs is an agreement of the World Trade Organization.