Respect for intellectual property rights
Frequently Asked Questions Why is the Commission presenting initiatives on intellectual property rights (IPR)? Intellectual property rights (IPRs) are one of the main ways that businesses, creators, researchers and inventors can profit from their investment in know-how and creation. Patents, trademarks, geographical indications, designs, and copyrights are essential incentives for creativity and innovation; they enrich the possibilities of choice for the consumer and reinforce job creation in the European economy (see also the fact sheet on the protection of intellectual property). Sectors that use large amounts of IPR represent around 42% of the European Union's (EU) GDP, worth around € 5.7 trillion per year; they create 38% of jobs and contribute almost 90% to European exports. As competition between companies at the global level is increasingly played out in terms of innovation, creativity and quality, IPR protection is essential for companies, and in particular for SMEs which ...