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The IP5, a coalition of the world's five largest intellectual property offices, recently announced the release of the annual IP5 Statistics Report. The report was designed to provide a description of worldwide patenting activities, to facilitate an understanding of each office's operations, and to increase general awareness about patent grant procedures among the offices and for the public. The IP5, comprised of the U.S. Department of Commerce’s United States Patent and Trademark Office, the European Patent Office, the Japan Patent Office, the Korean Intellectual Property Office, and the State Intellectual Property Office of the People’s Republic of China, was set up to improve the efficiency of the examination process for patents worldwide.

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