USMCA – More IP Changes Coming to Canada

In early October, the governments of Canada, Mexico and the United States announced the USMCA trade agreement to replace NAFTA. The agreement anticipates several changes relating to intellectual property touching on copyright, patents, data protection, trade secrets and anti-counterfeiting. Some of the changes have been controversial and seen as significant concessions by Canada to the United States. One article in the Financial Post, was titled, “Canada ‘caved’ on intellectual property provisions in USMCA trade deal, experts say”. Jim Balsillie, who has been vocal on innovation in Canada, was quoted in a statement as saying that, “Provisions in this new agreement raise [Intellectual Property] protections so that pre-existing IP owners, who are predominantly American, can entrench and extend their monopoly rights and rents for decades to come.” Here is a list of some of the expected changes that we are tracking: Copyright – The headline…

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