Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Turkey ranks behind China in production of counterfeit goods

February 6, 2015 by admin News 0 comments

Turkey ranks behind China for its production and market of counterfeit goods, the Turkish news agency Cihan reported on Thursday.The total volume of these goods in the Turkish market is worth 10.8 billion dollars, making it the second largest in the world after China.According to a report by the Business Action to Stop Counterfeiting and Piracy (BASCAP), the 10.8 billion dollars does not include smuggled fuel and tobacco products. If that number is calculated in, the number reaches above 20 billion dollars.

Prev
Next

Related Posts

Nigeria Loses About N15bn Annually To Counterfeit Products – SON
October 30, 2014

An estimated N15 billion is lost annually to fake or counterfeit products in...

Fake Ecommerce Website Racket Busted, Two Arrested For Defrauding Users Of INR 60 Lakh
August 25, 2022

The Delhi Police has reportedly busted a pan-India racket that duped users of INR...

Flush-out Companies Trading Fake Products
February 3, 2016

Ghana standards Authority is also expected to put in place the necessary...

Fake Medicine Sale In Odisha: Glenmark Issues Advisory On How To Know Originality
September 15, 2022

Bhubaneswar: In the wake of distribution and sale of its duplicate products in...