For example, it is possible, under the protocol, to obtain an international registration on the basis of a pending trademark application, so that a trademark holder can, simultaneously or immediately after, file an application in a Member State, effectively apply for an international registration. In comparison, the agreement requires that the trademark holder already have an existing registration in a member jurisdiction, which can often take many months and sometimes years. Moreover, the agreement does not allow for the „conversion“ of international records that have been „centrally attacked“. WIPO is updating the list of countries in the Madrid Protocol, as other countries continue to join, a list of current members of the Madrid Protocol is available on WIPO`s website. In 1966 and 1967, efforts were made to address this problem by creating a new treaty that would reflect the needs of the time, not the world of the 1890s, when the agreement was adopted. This led to the development of the Trademark Registration Treaty (TRT), which was adopted in Vienna in 1973 and came into force in 1980 with five States Parties, namely Burkina Faso, Congo, Gabon, the Soviet Union and Togo. Given that there were no other TRT memberships and that the number of registrations had been low since its inception, it was clear that the TRT would probably not have supplanted the Madrid agreement. The Madrid Protocol is indeed an updated version of a system called the Madrid Agreement, which began more than a century ago. As of 31 October 2015, all members of the Madrid Agreement are also members of the Madrid Protocol; Since the protocol takes precedence over the agreement, the protocol now governs all international applications and registrations. The agreement is indeed superfluous – there are no transactions within the framework of the agreement. The Madrid Union currently has 107 members, with 123 countries. These members account for more than 80% of world trade, with the potential for enlargement if membership increases. On 15 November 2019, the Madrid Protocol has 106 members covering 122 countries representing more than 80% of world trade.