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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