Crackdown on counterfeiting
From fake versions of the drugs Viagra and Xanax to phony designer watches and handbags, counterfeiting is rising fast and is increasingly becoming a booming underground economy. And while counterfeiters reap significant profits, millions of consumers are at risk from unsafe and ineffective products. Who hasn’t been tempted to purchase a fake designer handbag or watchâ��? They are a fraction of the cost of authentic designer products, ranging from the hundreds to the ten-thousands depending on the designer, the style and the materials used. But there are many reasons not to buy knock-offs, first and foremost because fakes harm people and hurt the economy. Despite being against the law, counterfeiting is big business. Counterfeit products exist in virtually every area – food, drinks, clothes, shoes, pharmaceuticals, electronics, auto parts, toys, currency, tickets for transport systems and concerts, alcohol, cigarettes, toiletries, building materials and much, much more.
http://www.iso.org/iso/home/news_index/news_archive/news.htm?refid=Ref1809
Related Posts
Diesel Speeds Up Measures Against Counterfeiting
Diesel has started a comprehensive offensive strategy to protect its brand. Since...
China’s export tax removal will thwart tungsten smugglers
China’s move to scrap export taxes on certain noble alloys will remove the...
$200,000 in counterfeit products seized at Port of Shreveport.
SHREVEPORT, La. (KTAL/KMSS) – Hundreds of counterfeit items have been seized at...
Tax hikes on tobacco, alcohol raise smuggling worries
The government's first tax increases of the new year were introduced on fixed...