Infinite Possibilities: U.S. Chamber International IP Index
Intellectual property (IP) fuels the creation of knowledge-based economies. By providing a legal infrastructure through which ideas can become products, robust IP systems foster innovation leading to economic growth, job creation, and sustained competitiveness in global markets. The U.S. Chamber’s International IP Index provides economies with a comprehensive roadmap to harnessing the benefits that robust IP systems provide.
The Index includes many examples of positive momentum in economies that have recognized the infinite possibilities provided by robust IP protections and invested in a stronger innovation ecosystem: The Canadian government extended the copyright term for sound recordings to 70 years and implemented ex officio authority for customs officials. The Indonesian government introduced implementing regulations for the 2014 Copyright Act, which create an online notification system for rights holders to request action against alleged infringing websites. In Israel, a new Index economy, 2014 reforms significantly enhanced the environment for patent protection. In particular, Israel has introduced patent restoration for biopharmaceuticals and regulatory data protection for submitted clinical data.
Other economies still have ample room to improve their IP environment in order to unleash the benefits of intellectual property: While the United States excels at promoting IP-intensive industries in many ways, enforcement related to trade secrets theft and counterfeit seizures remains a relative weakness, causing the United States to be ranked fifth in enforcement. Copyright protection remains a particular challenge for many high-income economies in Europe, including Italy, Poland, Switzerland, and Sweden, particularly due to the absence of policies to more effectively combat online piracy. Broadly, a number of economies, including Brazil, China, India, Indonesia, and Russia introduced or maintained policies that tie market access to sharing of IP and technology. Such forced-localization policies tend to undermine the overall innovation ecosystem and deter investment from foreign IP-intensive entities.