Brazil and Colombia outperform in the 11th edition of the International IP Index

The International IP Index, developed by the U.S. Chamber of Commerce, is a powerful instrument for evaluating the robustness and efficiency of intellectual property (IP) frameworks established by policymakers worldwide. Furthermore, the Index provides a roadmap for economies aiming to improve the ecosystem for innovation and creativity through more efficient IP standards.

The eleventh edition of the International IP Index benchmarking the IP framework in 55 global economies across 50 unique indicators, has recently been published by the U.S. Chamber of Commerce.

According to the key findings, the rankings for 28 economies remained unchanged, illustrating that progress to improve global IP protection may be stagnating. Vietnam however recorded the largest improvement in its overall score.

The International IP Index evaluates the countries based on nine major groups: Patents, trademarks, designs, trade secrets, commercialization of IP asset, enforcement, systematic efficiency and membership and ratification of international treaties.

Systemic efficiency is a category to measure coordination of IP rights enforcement, consultation with stakeholders during IP policy formation, educational campaigns and awareness raising, targeted incentives for the creation and use of IP assets for small and medium enterprises (SMEs), IP-intensive industries, national economic impact analysis. Many economies outperform their overall Index scores on this category, with countries such as Brazil, Colombia, India, and the Philippines achieving a score 70% or more. Overall, the average score on this category is one of the strongest on the Index, at 62.73%.

The Index also reported that a new law in Chile, which entered in to force in January 2022, introduced statutory damages for trademark infringement.