Trans-Pacific Partnership Withdrawal Impacts IP

With the recent inauguration of President Trump, there have been a number of rapid changes in government policies. One of these changes is the withdrawal of the United States’ involvement in the Trans-Pacific Partnership or TPP. Some are concerned that as a result of this withdrawal, their rights as intellectual property owners overseas may be compromised in terms of the potential for infringement. The countries that are still involved in the Trans-Pacific Partnership include Canada, Chile, Peru, Japan, Vietnam, Mexico, Singapore, Malaysia, New Zealand and Australia. President Trump believed that taking this step to distance the United States from the TPP would help to protect American jobs in blue collar industries. He believes that globalization has harmed certain manufacturing industries and wants to keep jobs in the United States. But what does this mean for those Americans who hold copyrights, trademarks, and patents abroad?

The TPP had certain protections for copyrights that would maintain a minimum amount of years in which an international copyright could exist. However, now that we are not involved in this agreement, it is hard to say now what the true impacts of stepping out of the Trans-Pacific Partnership will be so it is important for those who hold trademarks, copyrights, and patents to keep an eye on how this may change the intellectual property protections that are currently in place. Hopefully, there will not be any loss in intellectual property protection for international copyrights, patents, and trademarks.

If you have questions about international laws regarding intellectual property and the ways they may change in the future, you should consult with an experienced intellectual property attorney today who can provide you with assistance.

Contact the Law Offices of Richard E. Novak today to discuss the facts and circumstances surrounding your New Jersey traffic violations, intellectual property or business litigation matters.