The Association of American Publishers (AAP) has applauded the announcement of April 26 as World Intellectual Property Day. AAP has also announced plans to join other intellectual property (IP) owner groups as well as governments worldwide in highlighting the importance of encouraging creativity while protecting the IP rights of creators.
World Intellectual Property Day is intended to raise awareness of the cultural and economic benefits provided by the copyright industries and to underline the importance of creativity to global economic development, health and artistic achievement. According to copyright protection proponents, these benefits are jeopardised when piracy stifles creative growth. As per industry estimates, the theft of IP cost US book publishers over $500 million in 2007, in just a few selected markets, resulting from commercial scale photocopying, illegal print runs, unauthorised translations and CD-R burning of text. Internet piracy, which the industry has to date not tried to quantify, is seen as a growing menace, and publishers have increased their efforts to combat this global problem over the past year.
AAP is the national trade association of the US book publishing industry. The protection of IP rights in all media, the defence of the freedom to read and to publish at home and abroad, and the promotion of reading and literacy are among the priorities of the association.
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