TRADE IN FAKE GOODS IS NOW 3.3% OF WORLD TRADE AND RISING

On 18th March, a news release from the OECD said that the trade in counterfeit and pirated goods has risen steadily in the last few years – even as overall trade volumes stagnated – and now stands at 3.3% of global trade, according to a new report by the OECD and the EU’s Intellectual Property Office.  The report puts the value of imported fake goods worldwide based on 2016 customs seizure data at $509 billion, up from $461 billion in 2013 (2.5% of world trade).  For the EU, counterfeit trade represented 6.8% of imports from non-EU countries, up from 5% in 2013.  These figures do not include domestically produced and consumed fake goods, or pirated products being distributed via the Internet.

counterfeit-and-pirated-goods_EN-web

http://www.oecd.org/newsroom/trade-in-fake-goods-is-now-33-of-world-trade-and-rising.htm

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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