The global counterfeit and pirated products industry accounts for up to 2.5 % of global trade, or the equivalent of US $461 billion.
This is equivalent to the GDP of Austria, or that of Ireland and the Czech Republic combined. Right holders, governments and the economy as a whole may suffer significant economic and social losses. A targeted analysis of the European Union shows that, in 2013, imports of counterfeit and pirated products accounted for up to 5 % of imports, or the equivalent of EUR 85 billion.
The EESC agrees with the compromise proposed by the Presidency which makes possible a swift ratification of the Marrakesh Treaty.
The EESC agrees with the Commission's objectives regarding the harmonisation of legal systems and the interpretation of the 2004 intellectual property rights enforcement directive (IPRED).
This study examines the impact of cyber-related threats and challenges on corporate Europe and the degree of engagement of European businesses in tackling issues at stake. Although the new digitization era offers huge economic and social opportunities, it also changes the nature and magnitude of cyber risks and creates new vulnerabilities cyber attackers seek to exploit.