Storm Clouds Gather For Innovators And Creators As Intellectual Property Rights Face Policy Headwinds, New Report Warns The report covers everything from patent and copyright laws to the ability to monetize IP assets and the ratification of international agreements

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


The U.S. Chamber of Commerce's latest International IP Index report shows a torrent of proposals – both domestic and international – are threatening to erode intellectual property (IP) rights. The annual International IP Index (Index) evaluates the protection of IP rights in 55 of the world's leading economies, together representing approximately 90% of global GDP. The report covers everything from patent and copyright laws to the ability to monetize IP assets and the ratification of international agreements.

"As India's size and economic influence grows on the world stage, India is ripe to become a leader for emerging markets seeking to transform their economy through IP-driven innovation," said Patrick Kilbride, senior vice-president of the U.S, Chamber of Commerce Global Innovation Policy Center who publishes the annual report. 

As per the report, in 2022, economies across Asia, Europe, Latin America, and North America made progress towards enhancing copyright protection and shutting down access to copyright and trademark-infringing content online. It added that not only did IP-intensive technologies like 5G keep the world connected throughout the pandemic, but they also pack a powerful economic punch, producing a significant and positive economic impact.

"India has taken steps to improve enforcement against copyright-infringing content and provides a best-in-class framework to promote better understanding and utilization of IP assets. However, addressing long-standing gaps in its IP framework will be critical to India's ability to create a new model for the region and India's continued economic growth," Kilbride said.

By analyzing the IP landscape in global markets, the Index aims to help nations navigate toward a brighter economic future marked by greater innovation, creativity, and competitiveness. Following a decade of steady, incremental, improvement in IP systems worldwide, a deluge of proposals under consideration by U.S. and international policy leaders, including at multilateral organizations, threatens to compromise hard-won economic gains.

Furthermore, the key findings in the index noted that twenty-eight economies' scores remained unchanged, illustrating that progress to improve global IP protection may be stagnating. Also, it stated that the future of IP-driven innovation hangs in the balance as negotiations to preemptively weaken IP rights continue at the World Trade Organization, World Health Organization, and in world capitals, with the ominous possibility of a substantial erosion of the global IP framework.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Business News

Former Pediatrics Professor Donates $1 Billion, Makes Albert Einstein College of Medicine Tuition-Free

Dr. Ruth Gottesman's husband left her $1 billion in Berkshire Hathaway stock with the following instructions: "Do whatever you think is right with it."


5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

News and Trends

Merak Ventures Invests USD 1.45 Mn in Afri-food Startup Farmtheory

The investment will enable Farmtheory to scale its operations, mainly focusing on expanding its supply arm.

Science & Technology

The Deepfake Threat is Real. Here Are 3 Ways to Protect Your Business

The rising use of deepfakes is a growing threat to businesses and society as technology advances. Here are three tips for companies to combat this threat.