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
Related Posts
Feds, industry split over counterfeit parts strategy
Industry groups are crying foul over steps the government is taking to curb the...
Greaves Cotton in effort to curb fake auto parts
Greaves Cotton Limited, a manufacturer of diesel auto engines, has embarked on an...
Fighting smuggling would bring in more revenue
The Commissioner-General of the Ghana Revenue Authority (GRA), Mr. George...
MI man pleads guilty to attempting to smuggle goods into the U.S.
A Michigan man, with Mid-Michigan connections, has plead guilty to attempting to...