Page 17 - THE SOUTH CHINA BUSINESS JOURNAL
P. 17
bal IP Protections
Boost Businesses
Everywhere
Intellectual property (IP) rights are the backbone
of our economy. They ensure that our inventors
and entrepreneurs are rewarded for their ingenuity,
laying the groundwork for continued innovation.
And because American innovators operate
everywhere in a global economy, it’s not enough for
our own IP regime to be strong – other economies
must also respect and protect IP rights.
That’s one reason why the U.S. Chamber’s Global
Innovation Policy Center (GIPC) created the
International IP Index – an annual report card that
ranks the intellectual property framework of 50
countries. The Index is a roadmap for countries that
aspire to greater economic growth, as well as an
instrument for affecting global IP policy.
IP rights enable the research, investment, and risk- and 30% more likely to attract venture capital and
taking necessary for free enterprise to thrive. They private equity funds.
are the lifeblood of a knowledge-based economy,
which is why we are bringing all resources to bear Spurred to action, in part, by their Index rankings,
in an effort to shore up IP protections in developing our friends overseas have worked directly with GIPC
countries. Our ability to bring breakthrough medical over the years on country-specific legislation to
treatments, the newest creative content, and cutting- streamline patent licensing processes, strengthen
edge technologies to global markets is contingent copyright protections, and defend trade secrets
upon foreign governments fostering an innovation- for growing businesses. The fruits of our campaign
friendly environment through strong IP laws. But include concrete policies that have revolutionized the
some governments are slow to change. That’s where IP environment in developing nations, resulting in
the IP Index comes in. greater investment, innovation, and prosperity for all.
The 2019 Index benchmarks the IP environment Several countries have climbed in the rankings as
in these 50 countries representing over 90% of a direct result of partnering with the Chamber on
international GDP. It shows countries how strong IP policy – and we expect many more to work with
their IP laws are relative to neighbors and trading us in the future. These improvements will not only
partners – and it provides them with incentives for help countries strengthen their own economies; they
change. Since we first unveiled the IP Index in 2012, will also help create a stronger global economy that
multiple governments have reached out to the U.S. drives innovation and improves life for all of us.■
Chamber of Commerce to discuss ways to raise their
Index score. These governments recognize that by Article by Thomas J. Donohue, President and CEO, US Chamber
making simple tweaks to their IP infrastructure, they of Commerce
can be 39% more likely to attract foreign investment
South China Business Journal 14
Boost Businesses
Everywhere
Intellectual property (IP) rights are the backbone
of our economy. They ensure that our inventors
and entrepreneurs are rewarded for their ingenuity,
laying the groundwork for continued innovation.
And because American innovators operate
everywhere in a global economy, it’s not enough for
our own IP regime to be strong – other economies
must also respect and protect IP rights.
That’s one reason why the U.S. Chamber’s Global
Innovation Policy Center (GIPC) created the
International IP Index – an annual report card that
ranks the intellectual property framework of 50
countries. The Index is a roadmap for countries that
aspire to greater economic growth, as well as an
instrument for affecting global IP policy.
IP rights enable the research, investment, and risk- and 30% more likely to attract venture capital and
taking necessary for free enterprise to thrive. They private equity funds.
are the lifeblood of a knowledge-based economy,
which is why we are bringing all resources to bear Spurred to action, in part, by their Index rankings,
in an effort to shore up IP protections in developing our friends overseas have worked directly with GIPC
countries. Our ability to bring breakthrough medical over the years on country-specific legislation to
treatments, the newest creative content, and cutting- streamline patent licensing processes, strengthen
edge technologies to global markets is contingent copyright protections, and defend trade secrets
upon foreign governments fostering an innovation- for growing businesses. The fruits of our campaign
friendly environment through strong IP laws. But include concrete policies that have revolutionized the
some governments are slow to change. That’s where IP environment in developing nations, resulting in
the IP Index comes in. greater investment, innovation, and prosperity for all.
The 2019 Index benchmarks the IP environment Several countries have climbed in the rankings as
in these 50 countries representing over 90% of a direct result of partnering with the Chamber on
international GDP. It shows countries how strong IP policy – and we expect many more to work with
their IP laws are relative to neighbors and trading us in the future. These improvements will not only
partners – and it provides them with incentives for help countries strengthen their own economies; they
change. Since we first unveiled the IP Index in 2012, will also help create a stronger global economy that
multiple governments have reached out to the U.S. drives innovation and improves life for all of us.■
Chamber of Commerce to discuss ways to raise their
Index score. These governments recognize that by Article by Thomas J. Donohue, President and CEO, US Chamber
making simple tweaks to their IP infrastructure, they of Commerce
can be 39% more likely to attract foreign investment
South China Business Journal 14
