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
Tobacco tax up in smoke
Police are making headway in dismantling the illicit cigarette smuggling...
LEBQ? Don’t get caught by these dangerous fake toys this Christmas
WHILE The Force Awakens for Star Wars fans across the globe this Christmas, some...
Organised crime syndicates smuggling ‘low risk’ tobacco leaf and cigarettes into Australia
ORGANISED crime syndicates trafficking drugs like ice and cocaine are now...
Over Rs 5 crore currency seized at Mumbai airport.
Mumbai: Assorted foreign currency worth Rs 5.04 crore was seized at the...