The Committee of Permanent Representatives today agreed on a Council common position for the modernisation of the EU trade mark system. It mandated the Italian Presidency of the Council to enter into negotiations with the European Parliament with a view to concluding a swift agreement.
The Italian State Secretary in charge of European Affairs Sandro Gozi made the following comments: “Today’s agreement on the EU Trade mark package in Coreper is crucial for the competitiveness of European economy. Trade mark-intensive industries generate more than one third of the Union's total GDP and more than one fifth of jobs in the EU. The package outlines an efficient trade mark system, including measures against counterfeiting and it is therefore vital to support businesses, foster growth, as well as protect European consumers. An important element is the focus on goods in transit through the EU”.
The reform of the current system will improve conditions for businesses to innovate and to benefit from more effective trade mark protection against counterfeits, including fake goods in transit through the EU's territory.
For more information, read the press release of the Council of the European Union.