Usmca Agreement Intellectual Property

Jeremy Lyon @ 19-12-2020

To facilitate the strengthening of cross-border trade, the United States has reached an agreement with Mexico and Canada to increase the value of de minimis delivery. For the first time in decades, Canada will increase its de minimis level from $20 to $40 for taxes. Canada will also offer duty-free shipments of up to 150 $US. Mexico will continue to provide $50 of tax-exempt de minimis and will also provide duty-free shipments up to the equivalent of $117. Shipping rates to this level would be achieved with minimum formal entry procedures, which would allow more businesses, particularly small and medium-sized enterprises, to be part of cross-border trade. This agreement does not preclud a party from determining whether the depletion of intellectual property rights applies within its legal regime or under what conditions.6 On the basis of the new obligations arising from the trade agreement, the additional time also applies to information provided directly or indirectly by the applicant. This protects patent rights in cases where a person other than the inventor/applicant (. For example, an employee, co-worker or counterpart) discloses the invention on the basis of information provided by the inventor/plaintiff, whether it is an unintentional disclosure or misappropriation of information. The United States, Mexico and Canada have reached an agreement to modernize NAFTA, which is 25 years old, into a high-level agreement of the 21st century. The new agreement between the United States and Mexico-Canada (USMCA) will support mutually beneficial trade, which will lead to freer markets, fairer trade and robust economic growth in North America. After more than 25 years, the days of the North American Free Trade Agreement (NAFTA) are over. Starting July 1, 2020, the U.S.-Mexico-Canada Agreement (USMCA) 1 will govern trade in North America and set higher standards for intellectual property in the region. The current chapter on intellectual property (IP), resulting from an amendment to the originally approved text of 10 December 2019 (`December Amendment`), contains relevant obligations for all property, including trademarks, geographical indications, copyrights and trade secrets.

The protection and respect of intellectual property rights should contribute to the promotion of technological innovation and the transfer and dissemination of technologies, to the mutual interest of producers and users of technological knowledge and in a way that promotes social and economic well-being, and to the balance of rights and obligations.

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