Brussels acts to protect intellectual property
1 December, 2017
Europe's smaller companies will be encouraged to invest in innovation and creativity, under Commission plans presented last Wednesday and aimed at strengthening protection of intellectual property rights. The package is designed to make it easier to act efficiently against breaches of intellectual property rights, facilitate cross-border litigation, and tackle the fact that 5% of goods imported into the EU and worth €85bn are counterfeited or pirated.
The new package “improves the application and enforcement of intellectual property rights and encourages investment in technology and product development, as Europe's economic growth and competitiveness largely depends on our entrepreneurs,” VP Jyrki Katainen said. The package would “boost our collective ability to catch the 'big fish' behind fake goods and pirated content which harm our companies and our jobs – as well as our health and safety in areas such as medicines or toys,” Single Market Commissioner Elzbieta Bienkowska added.
The measures adopted by the Commission include stepping up the fight against counterfeiting and piracy; ensuring an equally high level of legal protection and a predictable judicial framework across the EU; encouraging industry to fight IP infringements; reducing the volume of counterfeited products reaching the EU market; and creating a fair and balanced system for Standard Essential Patents.
The Commission will closely monitor the progress on the proposed measures and assess the need for further steps.