Turkey 2nd in world for counterfeit product volume, report
The total volume of counterfeit or pirated products in the Turkish market is worth 10.8 billion US dollars, making it the second largest in the world after China, the Cihan news agency reported. A recent survey published by the Business Action to Stop Counterfeiting and Piracy (Bascap), an initiative of the International Chamber of Commerce, has indicated that the aforementioned number does not include smuggled fuel and tobacco products, which have a total market value of approximately USD 10 billion. Therefore, Cihan noted, the total figure for all fake and smuggled goods stands above USD 20 billion.
Related Posts
Aussie border agents seize 57 mln illegal cigarette
SYDNEY, July 5 (Xinhua) -- A joint operation led by the Australian Border Force...
$300,000 Worth of Counterfeit Makeup Seized.
More than $300,000 worth of counterfeit makeup was seized from the Downtown Los...
Man Must Pay £21,000 After Smuggling 100kg Of Tobacco
A man has been ordered to pay back £21,000 after smuggling 100 kilos of tobacco...
Fake cosmetics, drugs, other products seized in NAFDAC Abuja operation
The National Agency for Food and Drug Administration and Control (NAFDAC)...