Malaysia Ranks 17th In US Chamber International IP Index, Indonesia 33rd

The US Chamber and Pugatch Consilium launch the fourth edition of the GIPC IP Index

Kuala Lumpur, 3 Jumadil Awwal 1437/11 February 2016 (MINA) – Malaysia is ranked 17th out of 38 economies, with countries like Russia, Brazil, Indonesia and Thailand scoring lower in the US Chamber of Commerce’s International Intellectual Property Index (IIPI) 2016 – 4th Edition.

In a statement Wednesday, the US chamber said Malaysia’s overall IIPI score has increased to 14.78 from 14.62 in the previous edition of the index, Mi’raj Islamic News Agency (MINA) quoted Bernama as reporting.

“However, when measured as a percentage, the score has stayed the same as last year at 49 per cent.

“The accession by Malaysia to the Trans-Pacific Partnership (TPP) and the adoption of the Intellectual Property (IP) standards enshrined in the agreement would strengthen Malaysia’s national IP environment,” it said.

The US chamber said the agreed text of the TPP, released in November 2015, contains very clear requirements that contracting parties make available a minimum period of five years protection for submitted clinical data (with eight years for biologics) as part of a market registration application.

“The adoption of these requirements will significantly strengthen the IP environment as it relates to the life sciences in Malaysia,” it said.

Indonesia was ranked 33, with a total score 8.6. Venezuela finished last out of the 38 economies studied while the United States was ranked first. (T/R07/R01)

Mi’raj Islamic News Agency (MINA)