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IP included in Chile-Australia trade package

Stock & Land reports that Chile and Australia have concluded negotiations for a free trade agreement (FTA), which should be signed in late July. The FTA, which will enter into force on 1 January 2009, will liberalise all existing goods trade by 2015. Key aspects of the Agreement include elimination of tariffs on virtually all trade between the two countries. In addition,

"transparent, high-standard protection has been locked in for intellectual property rights including patents, trademarks, geographical indications and copyright".
This is the first FTA between any country within Latin America and Australia.

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