By BrainLinxJan 19,2023Press Release
According to a 2016 report published by OECD, The Organization for Economic Co-operation and Development, global trade in counterfeit and pirated goods are worth nearly half a trillion dollars annually with U.S. (20%), Italian (15%), French (12%)and Swiss (12%) brands being the hardest hit. This is equivalent to about 2.5% of all global imports and, according to Antonio Campinos, president of the EU Intellectual Property Office, equal to the combined GDP of the Czech Republic and Ireland. Most of the proceeds are going to organized crime according to a new report by the OECD and the EU’s Intellectual Property Office. The report further states that up to 5% of all goods imported into the European Union are fakes. The organization calculated the estimate based on half a million customs seizures around the world over 2011-2013. The findings contradict the image that counterfeits only hurt big companies and luxury goods manufacturers. The counterfeiters take advantage of our trust in trademarks and brand names to undermine economies and endanger our lives.
By BrainLinxFeb 01,2023Press Release
According to a 2016 report published by OECD, The Organization for Economic Co-operation and Development, global trade in counterfeit and pirated goods are worth nearly half a trillion dollars annually with U.S. (20%), Italian (15%), French (12%)and Swiss (12%) brands being the hardest hit. This is equivalent to about 2.5% of all global imports and, according to Antonio Campinos, president of the EU Intellectual Property Office, equal to the combined GDP of the Czech Republic and Ireland. Most of the proceeds are going to organized crime according to a new report by the OECD and the EU’s Intellectual Property Office. The report further states that up to 5% of all goods imported into the European Union are fakes. The organization calculated the estimate based on half a million customs seizures around the world over 2011-2013. The findings contradict the image that counterfeits only hurt big companies and luxury goods manufacturers. The counterfeiters take advantage of our trust in trademarks and brand names to undermine economies and endanger our lives.