Background:
Austria, Belgium, France, Germany, Italy, Luxembourg, the
Netherlands and Sweden not only missed the transposition
deadline of 30 July 2000, but they also failed to give a
satisfactory response to formal requests ("reasoned
opinions") sent by the Commission (see also
EurActiv, 29
January 2003
).
The Directive has triggered controversy
in some Member States as it also concerns the patentability
of biological material, which can extend to isolated
elements of the human body. This new legislation, however,
is essential to smoothen differences in legal protection
that currently exist in Member States, which could create
barriers to trade and hence impede the proper functioning
of the internal market. Having such legislation in place
would also help European companies compete on level terms
with their Japanese and American rivals.
According to EU estimates, by 2005, the
European biotech market could be worth over 100 billion
euros. By 2010, global markets could amount to over 2000
billion euros, excluding agriculture.