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Mexico's Institute of Industrial Property (IMPI) and the US Patent and Trademark Office (USPTO) came to an agreement on expediting the approval of patents in Mexico for those already in possession of a corresponding US patent, which will effectively result in a parallel patent grant mechanism between the two countries. The US Ambassador to Mexico, Christopher Landau stated: 'This is the type of cooperation on intellectual property envisioned in the USMCA. It will benefit innovators in the United States and Mexico and help us make North America the world's most competitive and dynamic economic zone for generations to come'.
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