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
Customs office steps up crackdown on tobacco smuggling
South Korea's customs office said Monday that it will beef up monitoring and...
More than 8 million cigarettes smuggled into Dublin Port in container marked ‘car parts’
Revenue officers have seized 8.3 million smuggled cigarettes that arrived in a...
HMSI takes action against counterfeit parts, raids 2 locations in Mumbai
The company says the police seized over 1,500 fake parts with an estimated value...
Gold worth Rs 10.28 crore seized from Dubai-returned passenger at Chandigarh airport
LUDHIANA: A team of the Ludhiana Customs Commissionerate deployed at the...