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Counterfeit Trade Estimated To Be Worth $461 Billion A Year

In 2013, counterfeit goods worth more than €461 billion (about $524 billion at current exchange) were sold across the world, according to aa report Monday by the Organization for Economic Cooperation and Development and the European Union’s Intellectual Property Office.
The study looked at half a million customs seizures from around the world over the period 2011 to 2013. according to WWD. It estimated that, in 2013, up to 5 percent of goods imported into the European Union in 2013 were fakes. The accessories were worth about €85 billion (or $116 billion).

Fake product imports account for 2.5 pc of global trade: OECD

Global import of counterfeit and pirated goods are worth 461 billion dollars or 2.5 per cent of total global trade, and 63 per cent of these products originated from China. According to a new report by the OECD and the EU’s Intellectual Property Office titled “Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” the value of imported fake goods worldwide was 461 billion dollars in 2013, compared with total imports in world trade of 17.9 trillion dollars. Up to five per cent of goods imported into the European Union are fakes while most of it originate in middle income or emerging countries.
 

http://news.webindia123.com/news/articles/World/20160418/2840424.html

Fake products, unlicensed retailers pose serious health risk

Two recent busts on Oahu bring light to what could be a very serious risk for those looking to change their appearance on the cheap. Mike Carney, special agent in charge of Homeland Security Investigations, which falls under the Department of Homeland Security’s U.S. Immigration and Customs Enforcement, says one of the operations involved cosmetic contact lenses.
“They’re colored lenses. They provide special effects. They’re very popular with the kids,” Carney said.
 

http://khon2.com/2016/04/18/fake-products-unlicensed-retailers-pose-serious-health-risk/

The ‘fakes’ industry is worth $461 billion

Think twice before you buy those shoes online. The shady business of “fakes” and counterfeit goods has ballooned into a global industry worth as much as $461 billion, according to a new report from the Organisation for Economic Co-operation and Development.
Counterfeit trade amounted to as much as 2.5% of world trade in 2013, up from an estimated 1.9% in 2008. That’s equivalent to the size of Austria’s economy.
Global data on customs seizures shows Rolex, Nike, Ray Ban and Louis Vuitton were the brands with the most knockoffs.

Nike Shoes Among Most Counterfeited Goods in the World

The market for fake goods is on the rise, with international trade in counterfeited or pirated products valued almost a half a trillion dollars.
The Organization for Economic Cooperation and Development released a report today that said international trade of “fakes” represented 2.5 percent of overall world trade, or $461 billion, in 2013. That’s equivalent to the gross domestic product of Ireland and the Czech Republic combined.
 

http://abcnews.go.com/Business/nike-shoes-counterfeited-goods-world/story?id=38485256

Abbott and Beingmate get involved in “fake” milk powder scandal in China

Abbott and Beingmate have got involved in China’s latest milk powder counterfeiting scandal. Chaotic sales channels of infant formula should be blamed for such counterfeiting scandals in China, according to analyst CCM.  China Food and Drug Administration confirmed that Abbott and Beingmate got counterfeited in Shanghai fake milk powder case in China last Saturday (Apr. 9). The counterfeit infant formula under brand names of Abbott and Beingmate in China flew into the milk powder market in Henan, Anhui, Jiangsu and Hubei. Currently, the trace of 3,300 cans of fake Abbott is still unknown.
 

http://eshare.cnchemicals.com/publishing/home/2016/04/14/2059/abbott-and-beingmate-get-involved-in-%E2%80%9Cfake%E2%80%9D-mill-powder-scandal-in-china.html

Counties told to enforce rules on fake products

County governments have been asked to customise the Anti-Counterfeit Act to fight substandard goods. An Anti-Counterfeit Agency official said it will be easier to fight counterfeits if counties customise the 2008 counterfeit law.
“Counties need to join in this fight to end sale of counterfeits, especially those products made in specific counties,” Edith Kosgei said.  “We are working round the clock to ensure businesspeople in counties do not produce substandard goods,” she said.
 

http://www.the-star.co.ke/news/2016/04/13/counties-told-to-enforce-rules-on-fake-products_c1329682