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MyEDC account
Manage your finance and insurance services. Get access to export tools and expert insights.
I’ve called myself a writer since I first grabbed a crayon with pudgy fingers at the age of four. Today I make my living as a writer, and while I’ve yet to publish a literary masterpiece, I’m pleased that if I do, Canada’s newest international trade deal will provide longer and stronger copyright protections for my work. And in the meantime, my online publications today may also get a little more protection.
The new United States-Mexico-Canada Agreement (USMCA) has been heralded as a 21st century agreement. One way the agreement lends itself to the modern age is through its proposed intellectual property (IP) provisions.
A new chapter on digital trade, and updates throughout the agreement, are designed to balance the needs of creators, distributors and consumers. The stated objective, in Chapter 20, on intellectual property is as follows:
“The protection and enforcement of intellectual property rights should contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations.”
On the distribution side, internet service providers are offered a “safe harbor” that will provide protection from copyright infringement outside of their control.
The USMCA, once ratified, will build upon World Intellectual Property Organization’s (WIPO) copyright and related rights. The trade deal also extends copyright ownership provisions. Here are two ways the USMCA’s proposed IP provisions could affect your brand or the written works, video games or music you create:
This is just a small part of the digital trade measures outlined in the updated trade deal. Once the USMCA is ratified by the three countries, Canada will have 2.5 years to update any legislation that’s not in compliance.
Protecting your intellectual property is both a means of risk management and a way to boost your competitive advantage. If you want to know more about how to protect your IP when selling and publishing online, read through EDC’s latest guide on the subject.
Intellectual property theft is a global problem worth nearly half a trillion dollars U.S. annually. Below are resources that can help you shield your business from the negative effects of IP theft as you venture into international markets.
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