On February 8, US-based Global Intellectual Property Center (GIPC) released the fifth edition of the U.S. Chamber International Intellectual Property (IP) Index, “The Roots of Innovation,” which illustrates the value of a robust IP framework in 45 economies around the world. According to the US Chamber of Commerce, the world’s leading economies view intellectual property (IP) standards as essential to the success of any 21st century economy. IP provides the living and growing roots that stimulate innovation and bolster growth. And those with the strongest IP systems stand to reap the greatest economic rewards. The 2017 Index benchmarks the IP standards in 45 global economies, representing roughly 90% of global GDP. The 45 economies covered in the Index include: Kenya, Japan, South Korea, Russia, Turkey, Vietnam, Malaysia, New Zealand, Peru, Nigeria, Argentina, France, Sweden, Algeria, Brunei, Poland, Germany, Israel, Ukraine, Ecuador, UK, Canada, UAE, Indonesia, Switzerland, Taiwan, China, India, Pakistan, Singapore, Colombia, South Africa, Thailand, Egypt, Italy, Spain, Mexico, Saudi Arabia, Brazil, Philippines, Venezuela, Hungary and Australia.