The sometimes referred to as “New NAFTA”, USMCA (United States-Mexico-Canada Agreement), continues the legacy of its predecessor and benefits greatly the Nearshore industry through tight intellectual property protection laws, and is more clear and inclusive of the digital economy especially as it relates to free movement of data across all countries.
The USMCA Agreement results from the renegotiation of NAFTA by its members and regulates trade between the United States, Mexico, and Canada, including updated intellectual property protections. The deal establishes a legal and policy framework of minimum standards for IP protection in North America, requiring Mexico and Canada to implement notorious improvements to their IP laws to align with U.S. calibers.
The renewed relationship between the U.S. and Mexico through USMCA is a positive tonal shift overall, plus extending three main incentives for Nearshoring software development to Mexico:
The updated trade deal sets the Nearshore industry to evolve faster and greater than ever before. USMCA deal will be periodically evaluated and assessed to ensure it is up to date with emerging technologies and digital innovation trends.
Many software development projects will require constant exchange of private and sensitive company information, that's why it’s essential to choose an outsourcing location that ensures the highest standards of intellectual property protection, as well as to consider all potential risks seriously. The decision you make when enlisting extended team members for your development project, could mean the difference between ensuring the security of the ideas and hard-earned creations behind the growth and success of your business – and losing them to unfair competition.
Your safest bet is to team up with a software development company that fully understands IP privacy and protection laws in the United States and abroad. iTexico is a software development company that offers multidisciplinary teams as a service, leveraging the Nearshore model. Their staff understands how to protect and execute intellectual property rights through development projects. If you want to learn more about iTexico and how it delivers digital transformation safely and securely, visit their website.