Economy

Commerce in counterfeit items on the rise, OECD report exhibits

The commerce in counterfeit and pirated merchandise, primarily from China, has been steadily growing, posing a significant problem in a worldwide innovation-driven economic system, based on a brand new research launched on Monday.

The worth of pretend imported merchandise reached $ 509 billion in 2016, up from $ 461 billion three years in the past, based on a report by the OECD and the Workplace of Mental Property from the EU. This corresponds to a three.three% improve in world imports in 2016, in contrast with 2.5% in 2013, the earlier yr of knowledge assortment.

"The illicit commerce in faux is a significant problem in a worldwide economic system centered on innovation. It has a damaging influence on gross sales and earnings of affected companies, in addition to extra normal damaging results on the economic system in addition to on public well being and security, "mentioned Christian Archambeau, govt director of the corporate. ; EUIPO.

The difficulty is extra severe within the European Union, the place 6.eight% of imports from third international locations are merchandise infringing logos and copyrights. France, Italy, Germany and Switzerland alone account for greater than half of the counterfeit items seized in 2016.

Counterfeit items are present in a big and rising variety of # 39; industries. They’re notably frequent amongst shopper items, particularly sneakers, cosmetics and toys, however seizures have concerned laptop items, similar to telephones and batteries, and luxurious items, similar to style garments. and luxurious watches. well being and security dangers, particularly prescription drugs, meals and drinks, and medical gear. Medical and pharmaceutical merchandise are among the many ten most seized merchandise.

Along with safety, mental property infringement threatens "one of many key drivers of worth and success elements in aggressive markets," the report warned. Mental property "performs a vital function in selling innovation and sustainable financial development," the report provides.

Counterfeit merchandise come from numerous international locations, together with India, Malaysia, and Pakistan. Turkey appears to be a supply of pretend leather-based items, meals merchandise and cosmetics within the EU. Nevertheless, China stays by far the most important origin.

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