Counterfeit Trade Estimated To Be Worth $461 Billion A Year
In 2013, counterfeit goods worth more than €461 billion (about $524 billion at current exchange) were sold across the world, according to aa report Monday by the Organization for Economic Cooperation and Development and the European Union’s Intellectual Property Office.
The study looked at half a million customs seizures from around the world over the period 2011 to 2013. according to WWD. It estimated that, in 2013, up to 5 percent of goods imported into the European Union in 2013 were fakes. The accessories were worth about €85 billion (or $116 billion).
Related Posts
Woman Caught Smuggling 102 iPhone Units Into China by Wearing Them
There have been ample reports in the past of how the obsession with Apple's most...
Fake products worth ฿10m seized from Bangkok warehouse
Police from the Consumer Protection Police Division and officials from the Thai...
Tanzania to make public statistics on counterfeit mobile phone
The Tanzania Communications Regulatory Authority (TCRA) said on Sunday it will...
Patagonia accuses Nordstrom of selling counterfeit products in a new lawsuit
In a new lawsuit, Patagonia has accused Nordstrom of selling imitations of its...