SINGAPORE: Improved its score in the latest United States Chamber of Commerce intellectual property (IP) index, but this did not prevent it from slipping one place to rank ninth out of 50 economies. Singapore’s score of 84 per cent (33.45 out of 40 indicators) put it ahead of countries such as Switzerland, Australia and New Zealand. But it remains second in the Asia Pacific region, just behind Japan. The US tops the list, with European countries – Britain, Sweden, France, Germany, Ireland and the Netherlands – taking the next six places. The GIPC said that this “reflects a strong performance in the new indicators added”. Six indicators were added in this edition, including membership in Patent Prosecution Highways (PPHs), which are information-sharing initiatives between patent offices; expeditious injunctive-style relief and disabling of infringing content; and “IP as an economic asset”. There are also three indicators in a new “systemic efficiency” category, which captures government measures that enhance their IP system, such as IP awareness campaigns. The report identified Singapore’s key strengths to be its advanced national IP framework, and its active participation in efforts to accelerate patent prosecution, such as having PPHs in place and taking part in the Global PPH. Singapore’s weaknesses, on the other hand, are its relatively high incidence of software piracy, and its lack of transparency and data on customs seizures of IP-infringing goods.
New transit framework with Iran to position Pakistan as regional trade hub: ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI), has warmly welcomed the federal government’s recent decision to facilitate the transit...
