International Intellectual Property (IP) Index

The US Chamber of Commerce recently released the 12^th edition of its International IP Index “International IP Index 2024”, ranking 55 countries based on their intellectual property (IP) regimes.

Key highlights of the report:

• The top countries on the index include the USA, UK, France, Germany, Sweden, Japan, Netherlands, Ireland, Spain, and Switzerland.
• India maintained its position at 42 on the IP index 2024, unchanged since 2023, with an index score of 38.64%, consistent since 2022.
• India faces IP-related challenges, including the dissolution of the IP Appellate Board in 2021, an under-resourced judiciary that hampers IP rights enforcement, and a limited framework for biopharmaceutical IP rights protection.

About the IP:

• IP represents intangible creations of the human mind with commercial value, serving as assets for their owners.
• Types of IP include Trademarks (names, logos, etc.), Copyrights (art, literature), Patents (inventions), and Designs (product features).

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