Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Canada Signs International Anti-Piracy AgreementMonday, October 03, 2011 > 14:41:32
(Montreal Gazette – Derek Abma)
Canada has signed on to an international agreement that aims to prevent the trade and spread of counterfeit and pirated goods.
International Trade Minister Ed Fast announced Friday he signed the Anti-Counterfeiting Trade Agreement, an accord that has been in development since 2006 for which negotiations including 38 countries concluded in October last year.
“Counterfeit and pirated goods are an increasingly global problem that requires a globally co-ordinated solution,” Fast said in a statement.
“We all have an interest in combating counterfeiting and piracy because these activities cost billions of dollars each year in revenue and trade losses, which translates into higher prices, lost income and lost jobs for people employed in a range of industries — from film and pharmaceuticals to electronics.”
A statement from Fast’s office said the agreement improves international co-operation in fighting the spread of pirated and counterfeit products, establishes an effective legal framework for dealing with such issues, and better protects the rights of artists, innovators and entrepreneurs whose creations are targeted by counterfeiters.
The United States, Australia, Japan, Morocco, New Zealand, South Korea and Singapore are among the countries that have also signed the agreement.
Fast’s office said the government still needs to create and pass legislation to implement the anti-counterfeiting agreement in Canada.
However, it noted the re-introduction of copyright-protection legislation last week that, among other things, makes consumers liable for legal damages if they break the digital encryption of purchased DVDs or video games to make copies.
That legislation “informed and guided Canada’s approach to the ACTA negotiations,” Fast’s office said.