
Food: counterfeiting cost 4bln a year
SEPTEMBER 9 – Each year fake food products and tobacco smuggling cost the legal market four billion euros and over 20,000 jobs in Italy, according to Confagricoltura. The alarm was raised at a congress organized at Milan Expo 2015 together with the Open foundation.
”Buying counterfeited or smuggled products means not only consuming things that can damage health, but also causing economic damage to the country in terms of loss of revenue and employment, as well as to the productive system in general”.
Related Posts
Over Rs 5 crore currency seized at Mumbai airport.
Mumbai: Assorted foreign currency worth Rs 5.04 crore was seized at the...
Nike says bye to selling on Amazon
Big brands have quit Amazon's platform due to sales of counterfeit products and...
DRI seizes smuggled gold, in paste form, worth ₹2.67 crore
Mumbai: 3.35kg of gold worth ₹2.67 crore was seized by the Directorate of...
37 arrested this year for selling contraband cigarettes within HDB estates
There has been an increase in the number of offenders caught for storing...