BRUSSELS, April 25 (Xinhua) -- An EU Commissioner said Friday that 39 percent of the total economic activity in the EU, which is worth some 4.7 trillion euros (about 6.5 trillion U.S. dollars) annually, is generated by intellectual property rights (IPR) intensive industries.
"Approximately 35 percent of all employment in the EU is provided directly or indirectly by the intellectual property rights intensive industries," said Michel Barnier, the EU Commissioner for Internal Market and Services, in marking the coming World Intellectual Property Day 2014.
On the way to recovery from the worst economic crises, the EU needs superior technical skills and innovations, which in practice rely on a well-functioning intellectual property infrastructure, said Barnier.
"From creating ideas to translating them into knowledge and inventions to promote innovation and economic growth, IPR help stimulate innovation, encourage investment and disseminate technology and other knowledge in socially beneficial ways," said Barnier.
Barnier said that the European Commission is keen to remove obstacles to the functioning of the single market for companies' whole business cycle, and committed to an ongoing review of the EU copyright legal framework, to make sure it remains fit for the digital age and the single market.
"The Commission is addressing the challenges posed by the changing digital landscape, and will continue to do so, so that the next generation can benefit from the transformational potential of innovation and intellectual property within our industry and society, and hence seize the opportunities of the digital age," Barnier added.