Taiwan boasts the 20th-best intellectual property environment in the world, according to the latest survey released Feb. 8 by Washington-based Global Innovation Policy Center under the U.S. Chamber of Commerce.
Scoring 28.05 out of 45, Taiwan is fourth in Asia after Japan, eighth; Singapore, 10th; and South Korea, 13th.
Among the eight major categories used in the Intellectual Property Index, Taiwan outperformed in patents. It earned maximum points in five out of the eight subindicators, including computer-implemented inventions, requirements and terms of protection. The report also commended Taiwan for promulgating provisions on patent linkage in early 2018, describing related legislation as underscoring the effectiveness of government efforts in strengthening the country’s IP environment for biopharmaceuticals and life sciences.