Volume of smuggled, counterfeit products in Turkey above $17 bln

In a statement to mark International Customs Day on Tuesday, MKG spokesperson Ali ErcanÖzgür said the volume of such products circulating around the world is hovering at around $1 trillion, while it is estimated to have exceeded $17.2 billion in Turkey.Illegal trade is a multidimensional problem posing a threat to the whole economy as well as to individuals, Özgür said.A separate report published by the Business Action to Stop Counterfeiting and Piracy (BASCAP) early According to the MKG statement, 45 percent of the smuggled products that the security officials seized in 2014 were electronic goods, while 22 percent were transport vehicles, 5.9 percent chemicals and 4.1 percent cigarettes and alcohol.last year claimed that Turkey is the second largest market of counterfeit products in the world after China.