Usmca Agreement Intellectual Property

However, given the importance of North America`s trilateral trade, ratification is expected. Dissemination values up to these levels would occur with a minimum of formal entry procedures, making it easier for more businesses, especially small and medium-sized enterprises, to be part of cross-border trade. After more than 25 years, the days of the North American Free Trade Agreement (NAFTA) are over. As of July 1, 2020, the U.S.-Mexico-Canada Agreement (USMCA)1 governs trade in North America and sets higher standards of intellectual property in the region.