Counterfeit and pirated product market reaches $11 billion
The counterfeit and pirate product market is currently worth around $10.8 billion in Turkey, according to the report of Business Action to Stop Counterfeiting and Piracy (BASCAP), and similar losses are being repeated each year. According to the Turkish daily Dünya, $4.4 billion out of the $10.8 billion are items that have been produced abroad.
Related Posts
Government loses RM2.5b tax revenue due to illicit cigarette trade, assemblyman says
June 17, 2016
The illegal cigarette trade is causing the government to lose about RM2.5 billion...
Coronavirus scare: Fake hand sanitizer plant busted in J&K
March 11, 2020
Drug Control Department of Jammu and Kashmir has ceased "fake" hand sanitizers,...
Brief: UK shopkeeper jailed for selling fake washing powder
September 3, 2014
Washing powderA UK man has been sent to prison for 18 months after being found...
Bulgaria set to increase cigarette excise duties in 2016
November 11, 2014
Bulgaria’s Cabinet approved the timeline for increasing excise duties on...



