WASHINGTON, D.C. — Today, the U.S. Chamber of Commerce’s Global Innovation Policy Center (GIPC) joined diverse stakeholders from across the intellectual property (IP) community for the signing and release of a new framework aimed at shaping the national conversation around IP and its role in maintaining America’s global leadership, competitive edge, and innovation.
“Activists have dismissed the importance of intellectual property policy and bad actors have stolen IP for monetary and competitive gain. This injures inventors and creators, damages emerging industries and businesses, and harms American consumers and workers. It is time to prioritize IP protections. A failure to do so will endanger future investment in innovation,” said Patrick Kilbride, Senior Vice President of the Global Innovation Policy Center at the U.S. Chamber of Commerce.
The cosigning stakeholders believe this new framework of IP principles can help create and connect a diverse set of policies that will:
- Uphold America’s global innovation leadership: The U.S. should use IP policy as a tool to reinforce its global leadership in innovation and align it with American values.
- Boost critical and emerging technologies: The U.S. needs a supportive legal framework to foster innovation, particularly in emerging sectors like advanced technology and breakthrough medicine, both domestically and globally.
- Champion creative industries: The U.S. should advocate for its creative sectors as they offer cultural, educational, and entertainment value both nationally and internationally.
- Combat IP crime: By leveraging public and private resources, the U.S. should focus on reducing IP crime, including digital piracy, and counterfeiting.
- Empower entrepreneurs: The U.S. should streamline incentives and remove barriers to fully engage and support American entrepreneurs.
IP is a massive economic driver for jobs and investment. According to the U.S. Department of Commerce, in the United States alone, IP supports over $7.8 trillion in GDP and more than 47 million jobs.
To view the IP principles, click here.
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