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The intellectual property (IP) provisions of the USMCA will help harmonize and strengthen intellectual property protections across North America. Through more effective IP protections and enforcement, the agreement can drive the growth of innovative and creative industries, support job creation, and stimulate economic competitiveness throughout the region.
The USMCA includes many strong IP provisions which lay the foundation for 21st century IP protection in trade agreements including:
To illustrate the strength of the IP chapter, the U.S. Chamber of Commerce’s Global Innovation Policy Center benchmarked the USMCA against the IP standards included in the U.S. Chamber’s International IP Index. The research reveals that the IP-related provisions of the USMCA are a significant upgrade over TRIPS, NAFTA, and the original TPP agreement.
Through effective implementation of USMCA, the United States, Canada, and Mexico can unleash the substantial economic benefits that robust IP frameworks provide: