Indonesia’s IP Rating 2022 has Improved

Jakarta: IP protection continues to be a vital issue for the long-term viability of proper business practices, which contribute to the effectiveness of trade and the economy of a country. The International Property Index is one of the most reliable indicators of a country's compliance with international intellectual property standards. The US Chamber of Commerce of Commerce Global Innovation Policy Centre (GIPC) publishes an International Property Index each year to assess the level of quality and dependability of various countries' intellectual property protection efforts. It evaluated 55 countries this year, representing more than 90% of the Global Gross Domestic Product, including Indonesia. The Index assesses each economy's intellectual property framework using 50 distinct indicators that the industry believes represent the economies with the most effective intellectual property systems.

In 2021, Indonesia received a score of 30.16%, whereas, in the most recent report from 2022, Indonesia received a score of 30.42%, a slight improvement. Other nations scored 95.4%, while the United Kingdom and Germany scored 94.14 and 92.4%, respectively. Pakistan had the lowest score at 27.43%, followed by Algeria at 26.36, and Venezuela at 14.10%.

In the Asian region, the best international intellectual property index is held by Japan with a score of 91.26%, followed by Singapore (84.44%), South Korea (83.94%), Taiwan (66.29%), China (55, 86%), Malaysia (51.90%). Indonesia occupies the lowest position among ASEAN member countries in the 2022, far below Singapore and Malaysia. The Philippines has a score of 41.58%, Brunei Darussalam (41.08%), Vietnam (38.72%), and Thailand (36.78%).

The indicators used to compile the index reflect an overall picture of the intellectual property ecosystem, including nine protection categories, namely patents, copyrights, trademarks, industrial designs, trade secrets, commercialization of intellectual property assets, efficiency, law enforcement, and membership in international treaty ratification.

Indonesia must intensify its efforts if it wishes to leave the Index's bottom tier. This effort depends not only on the enforcement applied by the authorities but also on more intensive dissemination of information throughout society, particularly among the country's business actors. Attention must be paid to the sense of responsibility, character traits, and moral principles. The development of the nation, especially its economic activities, will depend on the factors mentioned above, and as a result, it will not be able to achieve global competitiveness. (SMN-BDP/su).