
Market for Illegally-Made Goods Reaches $460 Billion
A new report says as much as $461 billion was spent on counterfeit andpirated goods around the world in 2013, and that trade continues to grow.
The Organization for Economic Cooperation and Development released thereport on April 18. The OECD studies economic information to helpgovernments develop economic policies.
Counterfeit goods are illegally-made copies of products. They are made andsold without the permission of the owner. Intellectual property rights, such ascopyrights and patents, are forms of ownership that can be difficult toenforce in international trade.
Counterfeit goods can travel through many countries before they reach theplace where they are sold.
http://learningenglish.voanews.com/content/oecd-market-for-illegally-made-goods-reached-460-billion/3303511.htmlPictures
Related Posts
Breaking News | DRI Arrest Three For Smuggling 1.45 Crore Worth Fake Currency
Breaking News: DRI has arrested three for smuggling euros and dirhams at the...
Smuggled cigarettes worth Rs1 crore seized from godown in Mumbai.
The Directorate of Revenue Intelligence (DRI) seized 60 smuggled cartons of...
Gang jailed for smuggling Cigarettes
Customs officers seized 3,268,200 Pride brand cigarettes - a brand not available...
China seizes 210,000 tonnes of smuggled rice
Chinese customs seized more than 210,000 tonnes of smuggled rice in 2014, worth...