The Lawyer’s Daily | 11 May 2021
Canada-Chile agreement aimed at enhancing bilateral engagement on intellectual property issues
By Ian Burns
Canada and Chile have signed an agreement to foster collaboration on intellectual property (IP) and innovation issues.
The memorandum of understanding (MOU) creates a formal mechanism for the two countries to enhance bilateral engagement on IP under the Canada-Chile Free Trade Agreement. The MOU encourages discussion of small and medium-sized enterprises’ innovation, IP awareness, growth and prosperity. It also promotes inclusivity for under-represented groups and supports Canada and Chile’s co-ordination of IP discussions in various multilateral forums, such as the World Intellectual Property Organization (WIPO) and the World Trade Organization (WTO).
“In today’s knowledge-based economy, inventions, new technologies and unique processes have increasing value in the marketplace,” said federal International Trade Minister Mary Ng. “By creating opportunities for like-minded countries to collaborate, enhance their mutual understanding of intellectual property, and share best practices, we are ensuring that Canadian businesses of all sizes have the crucial supports they need today and well into the future.”
This partnership builds on the Canada-Chile Partnership Framework, signed in 2007 and renewed in 2013, which serves as a road map for the expansion and deepening of collaboration between Canada and Chile in various priority sectors, such as innovation, science and technology, as well as in trade and other commercial interests.
In 2021, Canada and Chile mark 80 years of diplomatic relations. The value of bilateral merchandise trade between Canada and Chile has more than tripled since the Canada-Chile Free Trade Agreement came into force in 1997.
More information about Canada’s intellectual property strategy can be found here.