October 6, 2015
On Monday October 5, 2015, the Canadian Federal government announced that Canada had concluded negotiations and become one of the founding members of the Trans-Pacific Partnership (TPP), a trade agreement between 12 Pacific Rim countries, including the United States of America, Japan, Mexico, Australia, New Zealand and Peru.
The TPP, which must be ratified by all 12 member countries to come into effect, has the potential for wide-spread consequences across Canadian industry. While text of the TPP has yet to be published, the government released a technical summary on intellectual property which describes some of the proposed consequences for intellectual property laws in Canada and the TPP member countries, including:
It will be interesting to see the specific TPP trade agreement language in the coming days to determine whether such rumoured issues as copyright term extension, clinical trial data protection extension, and a counterfeit goods-in-transit prohibition, are also addressed.
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