Fake goods cause


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.

Every year, starting in the year 2008 the government has been losing an estimated an average of four trillion shillings due to the prevalence of counterfeit goods in the domestic market.

According to a CTI report fake industrial equipment and raw materials generate a loss of 1,000bn/-; vehicle spare parts (800bn/-); agriculture inputs (600bn/-) and chemicals (400bn/-) almost every year.

http://www.dailynews.co.tz/index.php/features/46088-fake-goods-cause