Anti-counterfeiting: customs brand registration
The global trade in counterfeit goods has reached staggering proportions, growing 10 000% over the past two decades, and resulting in a highly-profitable, illegal industry worth between R1.6 trillion and R4.8 trillion annually. To put this in perspective, this amounts to roughly 8% of world trade. Unfortunately, South Africa has become a major target for counterfeiters, with counterfeit goods in excess of R600 million being seized since 1997.Although there is a widespread impression that counterfeiting is a victimless crime, this is far from the truth. Apart from tax revenue lost, trade in counterfeit goods results in massive job losses, and erodes the market for genuine products. Closer to home, the consumption of counterfeit goods poses a real danger to human health and safety, as counterfeiting expands beyond the traditional bounds of luxury goods, DVD’s, clothing and cigarettes, to children’s toys, automotive parts, food products, and pharmaceuticals. From a brand protection perspective, counterfeiting impacts detrimentally on reputation and goodwill, in addition to causing a loss in sales and profits. Almost any conceivable product is fair game to counterfeiters, and the more popular and successful a brand becomes, the more appealing it becomes to counterfeiters.
Related Posts
Almost 400 Illegal Shahtoosh Shawls Seized in Less Than a Month
Kochi: In less than a month, enforcement authorities have seized almost 400...
Government to warn motorists about counterfeit air bags
The Obama administration is preparing to warn car owners whose air bags have been...
Turkish diplomatic personnel apprehended while smuggling cigarettes, drugs
A.İ, who worked at the Turkish Consulate in İran's city of Urmia was apprehended...
Six arrested with counterfeit notes, equipment used to produce them
Indore: Lasudia police on Tuesday uncovered an interstate fake currency racket,...