Guido Andolfato / Flickr (CC BY-NC 2.0)
The agreement reached among the EU ambassadors to negotiate with the European Parliament a new regulatory package for the modernisation of the Trade Mark system and the improvement of the fight against counterfeiting is a crucial element for the defence of Made in Italy.
On 23 July, an agreement was reached in Coreper (Permanent Representatives of the Member States) on a common position concerning the modernisation of the EU Trade Mark system. The Italian Presidency of the Council of the EU was given a mandate to initiate negotiations with the European Parliament in order to conclude the legislative process quickly. The package provides for an efficient Trade Mark system that includes measures against counterfeiting, thus playing a key role in supporting businesses, stimulating growth and safeguarding European consumers. The reform of the EU Trade Mark system is crucial for the competitiveness of the European economy. The sectors that make wide use of the potential of Trade Marks generate one third of the overall Union’s GDP and over one fifth of the EU jobs.