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EU renews drive for common patent system

Baku, October 12 (AZERTAC). EU ministers are struggling to get unanimous agreement on an EU-wide patent system aimed at drastically cutting costs for European businesses.

The EU`s Competitiveness Council is considering a European Commission proposal to simplify patents in the EU.

But some member states are unhappy about the plan to have three official languages for registering patents - English, French and German.

Translation costs make patents in the EU much more expensive than US patents.

The Commission says a single EU patent system would reduce translation costs from the current 14,000 euros (£12,226) on average to just 680 euros per patent.

It costs firms an average of 20,000 euros to get a patent validated in 13 EU member states - more than 10 times the cost of a US patent, the Commission says.

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