Azernews.Az

By Amina Nazarli

Azerbaijan became the leader among the CIS countries in the field of intellectual property protection, according to the ranking of countries in Global Competitiveness Index.

Featuring the GCI-2017-2018, the Report assesses the competitiveness landscape of 137 economies, providing unique insight into the drivers of their productivity and prosperity.

Azerbaijan strengthened its positions, moving from 37th to the 35th place in the the Global Competitiveness Report.

The rating is made on 12 positions and from the point of view of intellectual property the first position - "Institutes" and the 12th - "Innovation" - are of great importance.

Azerbaijan, having scored 4.8 points, takes the 37th place in the "Institutes" position on the indicator "Protection of Intellectual Property". Thus, in comparison with the past periods of "2016-2017" (71st place) and "2015-2016" (65th place) Azerbaijan rose to more than 30 places.

In the "Protection of Intellectual Property", Azerbaijan ranks 1st among the CIS countries and is the undisputed leader among the countries of the South Caucasus, ahead of Armenia by 38 places and Georgia by 58 places respectively.

In the "Innovation" position related to the protection of intellectual property, Azerbaijan, occupying the 33rd line, is also the leader among the CIS countries, ahead of Armenia, occupying the 70th place and Georgia 118th place.

The World Economic Forum's Global Competitiveness Report is the most influential ranking of a country's economic competitiveness and it affects countries image in the world among business, governments and financial leaders.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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