WARNING TO FORWARDERS THAT APPETITE FOR FAKE GOODS WILL RISE ALONGSIDE TRADE WAR TARIFFS

Loadstar on 21st September reported that forwarders must protect themselves from the risk of shipping counterfeit goods, trade in which is forecast to increase.  The business of fakes is expected to get a boost from the next round of tariffs on $200 billion-worth of Chinese goods, including handbags, leather and silk.  It notes that in June, 6 US trade associations wrote to the US Government saying that, rather than pay more for legitimate goods, we fear that consumers might seek cheap counterfeits as a replacement, whether knowingly or unknowingly.  In other words, US policy could help legitimise fake goods at the expense of rightful intellectual property owners and the lure of cheaper but fake goods is likely to grow among consumers.  Advice from a lawyer at the US Airforwarders Association is that forwarders need to check the documents and verify accuracy – using ‘reasonable care’.  The watchword for forwarders, she said, especially on shipments from places known for this stuff, is check and double-check the parties and the documents.

https://theloadstar.co.uk/warning-forwarders-appetite-fake-goods-will-rise-alongside-trade-war-tariffs/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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