Earlier this month the U.S. Chamber of Commerce released its International IP Index 2020. The index benchmarks the intellectual property framework of 53 global markets representing over 90% of global GDP, and evaluates the ecosystem in each economy based on 50 unique indicators believed to result in the most effective intellectual property systems.
The IP Index 2020 is touted as a roadmap for policymakers who seek to support innovation, creativity, and economic growth through more robust IP policy. In particular, it illustrates how even smaller economies can leverage effective IP standards to foster development, attract greater foreign investment, and stimulate economic and global competitiveness.
The index encompasses a fascinating deep dive on the state of IP protection around the world. And, from a U.S. trademark perspective, it is nice to see the U.S. ranked at the top in the category of “Trademarks, Related Rights, and Limitations.” This category considers the relative strength of trademark protection available in different jurisdictions, and takes into consideration the proliferation of counterfeit goods in the online marketplace, which continue to create challenges for brand owners worldwide. And, for economies looking to develop, it underscores the importance of investing in stronger trademark enforcement mechanisms, including in the online space. For economies to advance, it is necessary to both encourage innovation and protect consumer confidence.
The IP Index can be downloaded here.
This article appeared in the February 2020 issue of MarkIt to Market. To view our past issues, as well as other firm newsletters, please click here.
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