Over the last two decades, the volume of annual investments in such ‘intellectual property products’ increased by 87% in the EU, while the volume of tangible (non-residential) investments increased by only 30%. There is a need to further build on our strengths by upgrading the EU’s framework, where needed, and putting in place well-calibrated IP policies to help companies capitalise on their inventions and creations. There is plenty of inventiveness and creativity in the EU: it is therefore necessary to maximise the incentives to bring out this potential and to put our companies on track towards economic recovery and Europe’s global green and digital leadership.
Property rights package (Communication) - Related Opinions
The annual Union work programme for European standardisation for 2020 identifies priorities for European standardisation. The EESC agrees with the Commission that standardisation is crucial to the strategy for the single market and that it should be constantly updated. Moreover, the EESC considers that there is an urgent need to modernise the European standardisation system to meet global challenges with an innovative process of cooperation.
The opinion stresses that the EU has a responsibility to become a global actor in promoting respect for fundamental rights and adequate protection of private life and personal data and encourages the European Commission to be pro-active at bilateral and multilateral level in promoting the highest standard of personal data protection.
In this sense, the EESC finds well-balanced and reasonable the four key criteria outlined in the Communication to be taken into account by the Commission when assessing the countries with which a dialogue on adequacy should be pursued. However, it finds important to interpret these criteria in the light of a real commitment on the part of the governments, parliaments, and courts in these countries to reach an equivalent and functional level of personal data protection and calls for more transparency and civil society participation in the process of granting adequacy decisions.
The EESC agrees with the compromise proposed by the Presidency which makes possible a swift ratification of the Marrakesh Treaty.
The main policy objective is to reduce the level of IPR infringements outside the EU – which detrimentally affect EU right holders – while better tailoring our action so as to also take account of specific challenges and needs of for example developing countries.