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    Trade Secret Protection in USMCA and Its Implications for Korea

    Kim, Hyunsoo | July 2019
    Abstract
    The United States-Mexico-Canada Agreement (USMCA), which was signed on November 30, 2018, is the result of a renegotiation of the North American Free Trade Agreement (NAFTA) by its member states. During the negotiation process of the USMCA, one of the goals for the United States was to modernize NAFTA into a 21st century trade agreement, including an extensive amendment to the intellectual property (IP) chapter. Although NAFTA was the first international trade pact to include commitments to protect intellectual property rights, the US government assesses that the 24-year-old NAFTA was insufficient to reflect the rapid evolution of technological innovation and growth in the digital economy. For the most part, the IP chapter in the USMCA mirrors the IP chapter in the Trans-Pacific-Partnership (TPP), from which the United States withdrew in January 2017, except for some revisions to reincorporate suspended provisions and add additional requirements. This shows that the United States’ goal in the TPP – the global standardization of the US IP system – has continued in the USMCA. Indeed, the Trade Promotion Authority, under which recent US agreements were negotiated, explicitly states the negotiating objective of promoting intellectual property rules that “… reflect a standard of protection similar to that found in United States law.”
    Citation
    Kim, Hyunsoo. 2019. Trade Secret Protection in USMCA and Its Implications for Korea. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10570.
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade Regulations
    Exchange Rate
    Economic zones
    Protection
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Exchange rates
    Economic Zones
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    Citable URI
    http://hdl.handle.net/11540/10570
    Metadata
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    KIEPopinions_no163.pdf (326.7Kb)
    Author
    Kim, Hyunsoo
    Theme
    Trade
    Economics
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise