Europe's innovative manufacturing and creative industries consider that vote by the European Parliament on ACTA will be damaging for European intellectual property, jobs and the economy. The decision on ACTA is a missed opportunity for the EU to protect its creative and innovation-based industries in the international market place. "ACTA is an important tool for promoting European jobs and intellectual property. Unfortunately the treaty got off on the wrong foot in the Parliament, and the real and significant merits of the treaty did not prevail," says Anne Bergman-Tahon, Director of the Federation of European Publishers (FEP), a member of a coalition of over 130 organisations supporting ACTA.

Many MEPs had hoped to wait for the opinion of the Court of Justice before taking a final decision. Frances Moore, CEO of the International Federation of the Phonographic Industry (IFPI), comments that we now await the ruling of the Court of Justice of the EU, and urge the European Parliament to make effective IPR enforcement a top priority in our external trade policy."

Intellectual property rights remain the engine for Europes global competitiveness and a driver of economic growth and jobs. In the current economic climate, it is particularly crucial to protect these beyond the EU itself. "Europe could have seized the chance to support an important treaty that improved intellectual property standards internationally. We expect that ACTA will move ahead without the EU, which is a significant loss for the 27 Member States," says Alan C. Drewsen, Executive Director of the international Trademark Association (INTA).

The ACTA discussions are the biggest multi-lateral negotiation to be concluded in the post-Lisbon Treaty constitutional framework. According to Thomas Boué, Director of Government affairs for the Business Software Alliance (BSA), "the infringement of intellectual property rights is a huge problem in Europe and there is a clear need to advance international norms and best practices for the enforcement of IP.ACTA would serve as an important step forward in raising the global standard for the protection of IP rights. It was unfortunate that the treaty was held back by inter-institutional differences and concerns over transparency.