Counterfeits cause Rp 65.1t loss in Indonesia: Study
Counterfeit products are still rampant in the Indonesian market and cause a total loss of Rp 65.1 trillion (US$4.82 billion) to the national economy, a study by the Indonesian Anti-Counterfeiting Society (MIAP) claims.
The government also suffers a Rp 424 billion loss in taxes on software sales, according to the study conducted by MIAP in cooperation with the University of Indonesia’s Economics School.
The four largest fake product categories in the market are printer ink (49.4 percent), clothes (38.9 percent), leather products (37.2 percent) and software (33.5 percent).
MIAP secretary general Justisiari P Kusumah said the economic losses could be prevented if all stakeholders -- producers, sellers, law enforcement authorities and consumers -- cooperated to fight against such products.