New Copyright Regulation
After the Chamber of Congress accepted the recommendations formulated by the Executive branch, President Ricardo Martinelli signed a Copyright Bill, as part of the previous actions started by this administration in the steps taken towards the Trade Promotion Agreement, between Panama and the United States.
The free trade agreement between both countries took effect on October 31. “Under this comprehensive agreement, Panama will eliminate tariffs and other barriers to U.S. exports, which will promote economic growth and expand trade” U.S. Trade Representative Ron Kirk said.
The new regulation on Copyright states issues related to subjects and objects of copyright; its contents, duration and limits; transmission of rights and exploitation of the work, as well as the main contracts of use of the works, collecting procedures, registration of rights and actions and legal procedures, as well as the technological observance of copyright and related rights.