Canada has completed domestic ratification of the Canada-United States-Mexico Agreement (CUSMA, also referred to as USMCA or new NAFTA). As we reported, Canada introduced Bill C-4 to implement CUSMA on January 29, 2020 and it received royal assent as the Canada-United States-Mexico Agreement Implementation Act (CUSMA Implementation Act) on March 13, 2020.
No coming-into-force date for CUSMA has been set. Deputy Prime Minister Chrystia Freeland stated: "The Canadian government will continue to work with the United States and Mexican governments to determine an 'entry into force' date that is mutually beneficial" and that she is "hopeful that the new NAFTA will enter into force later this year."
Changes to Patent Act still to come
As we reported, the CUSMA Implementation Act does not include any amendments to the Patent Act. To implement its CUSMA obligations, Canada is expected to introduce separate legislation including patent-term restoration to compensate for "unreasonable delays" in the issuance of a patent. Canada must implement patent-term restoration no later than 4.5 years after the date of entry into force of CUSMA.
About Norton Rose Fulbright Canada LLP
Norton Rose Fulbright is a global law firm. We provide the world's preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.
Law around the world
nortonrosefulbright.com
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
