The Hidden Dangers of Trade Secrets Protection

A New Right To Secrecy For Companies, And A Dangerous EU Legislative Proposal Which Must Be Rejected
Original Source: Corporate Europe Observatory

The proposed EU legislation on “Trade Secrets Protection”, which the European Parliament will vote next April 14, creates excessive rights to secrecy for businesses: it is a direct threat to the work of journalists and their sources, whistleblowers, employees’ freedom of expression, and rights to access public interest information (on medicines, pesticides, car emissions, etc.).

What is the problem?

Trade secrets are everything companies keep secret to stay ahead of competitors. A secret recipe or manufacturing process, plans of a new product, a list of clients, prototypes… The theft of trade secrets can be a real problem for companies, and is already punished in all EU Member States. But there was no uniform legislation on the matter at the EU level.

A small group of lobbyists working for large multinational companies (Dupont, General Electric, Intel, Nestlé, Michelin, Safran, Alstom…) convinced the European Commission to draft such a legislation, and helped it all along the way. The problem is that they were too successful in their lobbying: they transformed a legislation which should have regulated fair competition between companies into something resembling a blanket right to corporate secrecy, which now threatens anyone in society who sometimes needs access to companies’ internal information without their consent: consumers, employees, journalists, scientists

Continue reading the report

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s