When Argentina joined the TRIPs Agreement in 1995, the Patent Law was modified to include the minimum standards. One of the most important changes was the term for which patent protection would be available for inventions in Argentina. The former Patent Law 111 established that patent protection was for 15 years from the granting date. Under this system, the prosecution delays of the Patent Office did not matter very much because they did not affect the effective life of the patent. But when Argentina adapted its regulations to TRIPs standards in 1995, and Argentina's Patent Law 24,481 was enacted, the situation changed completely, and the term of patents was set at 20 years counted from the date of filing of the application.