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.
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.
|Joint BusinessEurope, NAM and TABC letter on Trade Secrets in the TTIP||23/10/2013|
|Protection of companies' trade secrets - Letter from Philippe de Buck to Trade Commissioner Karel De Gucht||20/02/2012|