Turkey 2nd in world for counterfeit product volume, report
The total volume of counterfeit or pirated products in the Turkish market is worth 10.8 billion US dollars, making it the second largest in the world after China, the Cihan news agency reported. A recent survey published by the Business Action to Stop Counterfeiting and Piracy (Bascap), an initiative of the International Chamber of Commerce, has indicated that the aforementioned number does not include smuggled fuel and tobacco products, which have a total market value of approximately USD 10 billion. Therefore, Cihan noted, the total figure for all fake and smuggled goods stands above USD 20 billion.
Related Posts
German national arrested after 2.5million cigarettes seized at Tilbury Docks
A GERMAN man was arrested at Tilbury Docks on suspicion of smuggling 2.5 million...
Illegal drugs cosmetics worth Rs15m seized in raid
Illegal and unregistered medicines worth Rs15 million have been seized in a...
1.6kg gold smuggling bid: Tamil Nadu official held
TRICHY: An immigration official was caught red-handed by customs sleuths in...
Workshop on ‘identification, counterfeit recognition’ ends
Federal Board of Revenue (FBR) concluded the series of workshops on...