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.
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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 |
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