Trade secrets
Industrial espionage and theft of trade secrets caused €60 billion loss of economic growth, innovation and put 289,000 jobs at risk in 2018. (Source: European Commission)
Trade secrets are a valuable piece of information for a company that is treated as confidential and gives to that company a competitive advantage, e.g. formulation of a substance, marketing study, list of clients, inventions prior to patenting.
![](https://www.businesseurope.eu/sites/buseur/files/styles/buseur_scale_crop_496_x_250/public/media/illustrations_topics/trade_secrets_topic.jpg?itok=NbOP4JZC)
BusinessEurope supports the actions of the European Commission to ensure completeness and conformity of the transposition of the Trade Secrets Directive by member states. However, cybertheft has become a serious problem for businesses and further action is definitely needed in this field.
Publications
Public letters | Date | |
---|---|---|
Protection of trade secrets in the proposal for a Data Act - Letter from Markus J. Beyrer to Coreper 1 | 20/06/2023 |
Position papers | Date | |
---|---|---|
Underestimating the Data Act’s impact on trade secrets’ protection will undermine European industrial competitiveness - Joint statement by BusinessEurope and Orgalim | 17/01/2023 |
Contact
![](https://www.businesseurope.eu/sites/buseur/files/styles/buseur_contact/public/media/staff_pictures/landscape/pedro_oliveira-217.jpg?itok=njbR-mUa)
![](https://www.businesseurope.eu/sites/buseur/files/styles/buseur_contact/public/media/staff_pictures/landscape/elena_bertolotto_003.jpg?itok=QtN8nRnn)