Biotechnology Innovation Organization (BIO) President & CEO James C. Greenwood today issued the following statement on the United States-Mexico-Canada Agreement (USMCA):
The signing of todays trade agreement has effectively prioritized biotechnology innovation across North America by updating intellectual property protections and agricultural market access to 21st century standards. The USMCA is a major step towards bringing Mexico and Canada closer to the standards that has made the United States the world leader in biotechnology innovation.
Strong and dependable intellectual property standards are critical to fueling innovation, attracting investment, and ensuring that patients, farmers, and consumers around the globe have access to the next generation of biotechnology breakthroughs. Thanks to the Trump Administrations leadership, the United States and our neighboring countries will continue to drive global innovation, ingenuity and ground-breaking science.
BIO is the world’s largest trade association representing biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products. BIO also produces the BIO International Convention, the worlds largest gathering of the biotechnology industry, along with industry-leading investor and partnering meetings held around the world. BIOtechNOW is BIO’s blog chronicling innovations transforming our world and the BIO Newsletter is the organizations bi-weekly email newsletter. Subscribe to the BIO Newsletter.