Tanzania: Fake Goods Cause
The impact of counterfeit and substandard goods, invariably, hurts the economy occasioning dwindling government revenues. The government, for example, loses between 540 and 900 billion shillings per year due to tax evasions that are related to counterfeit and sub-standard goods.
Counterfeit and substandard industrial products continue to flood the Tanzania's domestic market. They continue to cause a revenue collection stink. Last year saw illegally manufactured, fake and substandard products increase from about 35 to 40 per cent.
A report prepared by the Confederation of Tanzania Industries (CTI) during the year says that Tanzania, like any other nation around the world, suffers enormously from the adverse effects of the flooding of counterfeit and substandard products.