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.
|Protection of trade secrets in the proposal for a Data Act - Letter from Markus J. Beyrer to Coreper 1||20/06/2023|
|Underestimating the Data Act’s impact on trade secrets’ protection will undermine European industrial competitiveness - Joint statement by BusinessEurope and Orgalim||17/01/2023|