Turkey 2nd in world for counterfeit product volume, report

February 4, 2015 by admin News 0 comments

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.

http://www.ansamed.info/ansamed/en/news/sections/economics/2015/02/04/turkey-2nd-in-world-for-counterfeit-product-volume-report_5910809a-e473-4f98-a7fd-dd709f58fdaa.html