Press Release, European Commission; European Commission steps up protection of European intellectual property in global markets
"The European Commission published today the latest report
on protection and enforcement of Intellectual Property Rights (IPR) in
third countries. While developments have taken place since the
publication of the previous report, concerns persist and a number of
areas for improvement and action remain to be addressed. Intellectual
property rights infringements worldwide cost European firms billions of
euros in lost revenue and put thousands of jobs at risk. Today's report
identifies three groups of countries on which the EU will focus its
action...
Industries that use intellectual property intensively accounted for some
84 million European jobs and 45% of the total EU GDP in the period
2014-2016. 82% of EU exports were generated by the industries
intensively using intellectual property. In these sectors, the EU has a
trade surplus of around 182 billion euros. Also, an estimated 121
billion euros or 6.8% of all imports into the EU, are counterfeit or
pirated."
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