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In view of the growing importance of information for the development of commerce, industry and research the Commission has undertaken, since 1975, various initiatives aiming at strengthening the position of the European information industry. Community actions in this area form part of a comprehensive Community policy in the fields of information technologies, telecommunications and information market. The development toward an information society and the eminent importance of this development for the services industries have in recent years led to a steady reinforcement of Community initiatives in this area. The Community initiatives in information market development can be seen as an effort to establish an efficient link between knowledge generation and knowledge application.