On 19th August, a news release from US Immigration and Customs Enforcement advised that the National Intellectual Property Rights Coordination Center is reviewing an annual report on the number of IPR seizures that have raised the total estimated manufacturer’s suggested retail price (MSRP) of the seized goods – had they been genuine – to $1.4 billion. It says that its report clearly shows the ongoing threat of counterfeit goods that makes a compelling case for stepping up efforts to inform and educate the public about the risks counterfeit goods pose to public health and safety. e-Commerce sales, including those through third-party platforms, have resulted in a sharp increase in the shipment of small packages into the US. It points out that each year, more than 11 million maritime containers arrive at seaports. At land borders, another 10 million arrive by truck, and 3 million arrive by rail; and an additional quarter billion more cargo, postal, and express consignment packages arrive through air travel. The report lists the top 5 product categories as apparel/accessories, footwear, watches/jewellery, handbags/wallets, and consumer electronics. Watches and jewellery accounted for 44% of the total $1.4 billion MSRP, while handbags and wallets represented 16% of the total.
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