US Chamber Releases 3rd Annual International IP Index, India ranks 29th
Updated: Feb 05, 2015 03:59:32pm
Washington DC, Feb 5 (KNN) The US Chamber of Commerce’s Global Intellectual Property Center (GIPC) released its third annual International IP Index, 'UP: Unlimited Potential' which found that 20 of the 30 economies examined in the Index improved their scores from last year.
"Twenty nations improved their score in the 2015 IP index, showing that leaders in both developing and developed economies increasingly recognize the connection between effective intellectual property protection and achieving their greatest economic potential." said president and CEO of GIPC, David Hirschmann.
The 2015 edition of the Index ranks 30 economies around the world, representing 80 percent of the world's gross domestic product (GDP). The index is based on 30 measurable criteria critical to innovation including, patent, copyright and trademark protections, enforcement, and engagement in international treaties.
“Businesses understand the climate they need to be successful, and they understand that protecting IP rights and innovation is essential in deciding what technologies to advance and where to invest and create jobs,” said executive vice president of GIPC Mark Elliot.
Thailand received the lowest ranking, while the United States received the highest.
India’s performance signals measurable and sustainable progression. While still posing significant challenges to rights holders across the board; India has improved its score and performance.
The Modi administration’s national intellectual property rights (IPR) think tank recently released the Draft National IPR Policy, which recognized the fundamental links between IP, innovation, and the successful development of innovative products. Additionally, the formation of a high-level IP working group as part of the Trade Policy Forum has the potential to elicit measurable and sustainable changes to India’s IP system.
India’s overall score has improved from previous editions, rising to 24% of the total possible score (with a score of 7.23), has moved one position ahead and is ranked the second last 1.e. 29th position out of 30 countries ahead of Thailand.
Number of concerns that continue to exist:
· India’s patentability requirements remain outside established international best practices; there is a lack of specific IP rights for the life sciences sector
· A challenging enforcement environment, with corresponding high levels of physical and online piracy, persists in India
· India is not a contracting party to any of the international treaties included in the GIPC Index, nor has India concluded a FTA with substantial IP provisions since acceding to the TRIPS Agreement.
The full Index can be viewed at
http://www.theglobalipcenter.com/gipcindex.
The Chamber’s Global Intellectual Property Center is working around the world to champion intellectual property (IP) rights as vital to creating jobs, saving lives, advancing global economic growth, and generating breakthrough solutions to global challenges.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. (KNN Bureau)
"Twenty nations improved their score in the 2015 IP index, showing that leaders in both developing and developed economies increasingly recognize the connection between effective intellectual property protection and achieving their greatest economic potential." said president and CEO of GIPC, David Hirschmann.
The 2015 edition of the Index ranks 30 economies around the world, representing 80 percent of the world's gross domestic product (GDP). The index is based on 30 measurable criteria critical to innovation including, patent, copyright and trademark protections, enforcement, and engagement in international treaties.
“Businesses understand the climate they need to be successful, and they understand that protecting IP rights and innovation is essential in deciding what technologies to advance and where to invest and create jobs,” said executive vice president of GIPC Mark Elliot.
Thailand received the lowest ranking, while the United States received the highest.
India’s performance signals measurable and sustainable progression. While still posing significant challenges to rights holders across the board; India has improved its score and performance.
The Modi administration’s national intellectual property rights (IPR) think tank recently released the Draft National IPR Policy, which recognized the fundamental links between IP, innovation, and the successful development of innovative products. Additionally, the formation of a high-level IP working group as part of the Trade Policy Forum has the potential to elicit measurable and sustainable changes to India’s IP system.
India’s overall score has improved from previous editions, rising to 24% of the total possible score (with a score of 7.23), has moved one position ahead and is ranked the second last 1.e. 29th position out of 30 countries ahead of Thailand.
Number of concerns that continue to exist:
· India’s patentability requirements remain outside established international best practices; there is a lack of specific IP rights for the life sciences sector
· A challenging enforcement environment, with corresponding high levels of physical and online piracy, persists in India
· India is not a contracting party to any of the international treaties included in the GIPC Index, nor has India concluded a FTA with substantial IP provisions since acceding to the TRIPS Agreement.
The full Index can be viewed at
http://www.theglobalipcenter.com/gipcindex.
The Chamber’s Global Intellectual Property Center is working around the world to champion intellectual property (IP) rights as vital to creating jobs, saving lives, advancing global economic growth, and generating breakthrough solutions to global challenges.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. (KNN Bureau)
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