Innovative industries contribute enormously to our national and state economies. Dozens of industries across our economy rely on the adequate enforcement of their patents, trademarks, copyrights and trade secrets to invest and develop their business, while consumers use IP to ensure they are purchasing safe, guaranteed products. We believe IP rights are worth protecting, both domestically and abroad.
- Creates and Supports High-Paying Jobs—IP-intensive industries employ more than 40 million Americans and pay on average 30% higher wages than other industries.
- Drives Economic Growth and Competitiveness—America’s IP is worth more than $5.06 trillion and accounts for 60% of U.S. exports.
- Protects Consumers and Families—Strong and enforced IP rights ensure that products are safe and authentic, preventing consumers from being ripped-off, or worse, harmed by dangerous, illicit goods.
- Generates Breakthrough Solutions to Global Problems—IP is crucial to the medical and technological advancements needed to address poverty, hunger, disease, and environmental challenges. Without IP, these challenges will go unmet.
- Encourage Innovation and Reward Entrepreneurs—IP is an incentive to create. As long as rights are protected and rewards are possible, innovators will continue to take risks and push for advancement.
Strong IP protections and enforcement are necessary to reap these rewards. Through its Global Intellectual Property Center, the Chamber is working to strengthen IP in the following ways:
- Advancing global protection and enforcement of IP in trade agreements, and through key-market programs and multilateral policy engagement.
- Advocating for domestic legislative and regulatory reforms that maintain appropriate and effective levels of protection for IP-intensive industries.
- Promoting awareness and support of IP rights with international and domestic policymakers.
To learn more, visit TheGlobalIPCenter.com.