Turkey 2nd in world for counterfeit product volume, report
The total volume of counterfeit or pirated products in the Turkish market is worth 10.8 billion US dollars, making it the second largest in the world after China, the Cihan news agency reported. A recent survey published by the Business Action to Stop Counterfeiting and Piracy (Bascap), an initiative of the International Chamber of Commerce, has indicated that the aforementioned number does not include smuggled fuel and tobacco products, which have a total market value of approximately USD 10 billion. Therefore, Cihan noted, the total figure for all fake and smuggled goods stands above USD 20 billion.
Related Posts
12 arrested, illicit liquor worth Rs 2.85L seized
The police arrested 12 persons in connection with smuggling of illicit liquor...
Coast guard arrests two tankers on suspicion of fuel smuggling
The Libyan coastguard has arrested two tankers suspected of smuggling petroleum...
Shop assistant caught despite hiding illegal cigs
A shop assistant who saw Customs officers coming to his outlet tried to hide...
Cops Bust Counterfeit Goods Racket, Seize Fake Products
Nagpur: A major counterfeit goods racket has come to light in Vidarbha,...



