India Ranks Third for Counterfeit Goods Seized In US: Report

WASHINGTON:  China remains the primary source for counterfeit and pirated goods seized in the United States, an official report has said. In the year 2013, Chinese counterfeit and pirated goods seized in the U.S. accounted for a total value of $1.1 billion, representing 68 percent of all such goods seizures by the Customs and Border Protection, the U.S. Department of Homeland Security said in its annual report.  China was closely followed by counterfeit and pirated goods from Hong Kong, which accounted for 25 percent of the total goods seized. China and Hong Kong was followed by India with a distant third position accounting for three percent of the total goods seized, the report said.The number of intellectual property right (IPR) seizures increased nearly seven percent from 22,848 in fiscal 2012 to 24,361 in fiscal 2013.The MSRP of seized goods increased from $1.26 billion in FY 2012 to $1.74 billion in FY 2013

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