Counterfeit beauty products bad for the body and for business.

This week the IP Key South-East Asia (SEA) project, funded by the European Union (EU), launched the second phase of the “Your Health Is Priceless” campaign to promote consumer awareness and avoidance of counterfeit cosmetics and personal care products, including beauty goods such as skincare and face injections.

The cosmetic sector in Cambodia is projected to reach $13 million this year with the average person expected to spend around $9.60 on self-care products. But with the market growing there are more fake and dangerous products being put into circulation as scammers look to make a quick buck. Unscrupulous business practices, such as fraud in quality, quantity and price gouging put consumers at considerable risk. Counterfeit products are addressed as a serious problem in the Kingdom and are routinely confiscated and disposed of by burning throughout the year.

In November the government destroyed 540.7 tonnes of counterfeit medicines, cosmetics and other products that had been seized throughout the year, the Cambodia Counter-Counterfeit Committee reported. According to the Organisation for Economic Cooperation and Development (OECD), at least 63 percent of the world’s fake goods originate from China.

https://www.khmertimeskh.com/50794694/counterfeit-beauty-products-bad-for-the-body-and-for-business/