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The European Chemical Industry Council (Cefic), the pan-European representative body for the chemicals industry, has welcomed the adoption by the European Commission of a proposal for a directive on the protection of trade secrets.
The directive, announced on Nov. 28, would aim to protect innovation know-how and confidential business information (CBI) on a harmonized basis at the European Union level.
Cefic director general Hubert Mandery said: "This is a critical step to protect European companies' CBI in the case of misappropriation. For chemicals producers in Europe, CBI is an important, intangible asset. The proposal would empower them to more confidently invest in Europe."
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