
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
₹17 crore imported cigarettes seized in Navi Mumbai, two arrested.
The Directorate of Revenue Intelligence (DRI) seized smuggled, foreign-origin...
Smuggling cost the Philippines $3 billion in 2011
Illicit capital flows into and out of the Philippines are sapping billions from...
Illicit tobacco seized from Lincolnshire cabbie ‘belonged to organised crime gang
A Grantham taxi driver was caught with more than £250,000 worth of illicit...
$317K In Fake Designer Merchandise Seized In Philadelphia.
More than $300,000 worth of fake luxury handbags, clothing, shows, and more were...



