OECD report counts the cost of counterfeiting - leatherbiz: Leading ne Leatherbiz

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OECD report counts the cost of counterfeiting

19/03/2019
The Organisation for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) have released a new report that reveals the magnitude of global trade in counterfeit goods.

They first published this report in 2016. It was based on data from 2013, but the new version has been updated to reflect more recent data from 2016.

Based on data from nearly half a million customs seizures by international enforcement agencies, the report states that the volume of international trade in counterfeited and pirated products could amount to as much as €460 billion. This represents 3.3% of global trade, compared to 2.5% in 2013.

The companies and businesses most affected by this problem are in the US, France, Italy, Switzerland, Germany, Japan, South Korea and the UK. 

Among the product categories that the report highlighted as being common victims of counterfeiting were footwear, fashion apparel and luxury goods.

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