OECD: E-COMMERCE CHALLENGES IN ILLICIT TRADE IN FAKES

On 13 December, the OECD released this report which provides an overview of government- and industry-specific measures to address the abuse of online platforms by counterfeiters. It says that the COVID-19 pandemic has exacerbated problems as people turned to e-commerce during lockdowns and shop closures.  It says that, between 2016 to 2019, business-to-consumer (B2C) online sales rose by 82% to $4.2 trillion, with a COVID-19-associated boost of 25.7% in 2020. By 2025, e-commerce retail sales are currently forecast to rise to $7.2 trillion, which would represent about 24.5% of total retail sales, as compared to 17.8% in 2020.

https://www.oecd-ilibrary.org/governance/e-commerce-challenges-in-illicit-trade-in-fakes_40522de9-en

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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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