Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Nike Shoes Among Most Counterfeited Goods in the World

April 18, 2016 by admin News 0 comments

The market for fake goods is on the rise, with international trade in counterfeited or pirated products valued almost a half a trillion dollars.
The Organization for Economic Cooperation and Development released a report today that said international trade of “fakes” represented 2.5 percent of overall world trade, or $461 billion, in 2013. That’s equivalent to the gross domestic product of Ireland and the Czech Republic combined.
 

http://abcnews.go.com/Business/nike-shoes-counterfeited-goods-world/story?id=38485256

Prev
Next

Related Posts

State’s tobacco revenues up in smoke
June 12, 2016

The doubling of tobacco taxes at the end of 2012 coupled with a hike of around 20...

Namibian court fines Zim truck drivers for cigarette smuggling
March 8, 2016

Harare - Two Zimbabwean truck drivers, who were arrested last year over the...

Taxing the smoker
January 10, 2016

The GCC's proposal to raise tobacco tariffs is being welcomed by health experts...

Student Hongtao Zhang jailed for dodging more than $460,000 in tax revenue by illegally importing almost 700,000 cigarettes
August 2, 2016

A HIGHLY organised tobacco smuggling operation run by a Chinese student couple in...