
Turkey Wastes $10B On Fake Products
The Brand Protection Group (MKG), which has a mission to fight illicit trade and forgery and increase awareness about trademark rights, announced that the increase in the trade of illegal and counterfeit products was worrying. The spokesman for MKG, Dr. Ali ErcanÖzgür underlined the fact that piracy and counterfeit products are causing billions of dollars of losses to the world’s economy as proven by the Illicit Trade Report for 2013 issued by the World Customs Organization, highlighting the issue is now a global problem. Özgür stated that according to the data announced by the Business Action to Stop Counterfeiting and Piracy (BASCAP), the volume of counterfeit product trade has reached around $10.8 billion in Turkey along with millions of lost Turkish lira of tax income.
http://www.dailysabah.com/economy/2014/11/17/turkey-wastes-10b-on-fake-products
Related Posts
33-year-old held with counterfeit currency in Tanakpur
Pithoragarh: A 33-year-old man, identified as Sitarganj-resident Mukhtar Ali, was...
EU tobacco deal needs thorough update if renewed
A lot has happened since 9 July 2004, when the European Commission signed what it...
Businessman jailed for running multi-million pound fake clothes factory in Hockley
Inderjit Sangu, aged 67, from West Bromwich, was caught in possession of...
Cambodian arrested smuggling fake Thai cigarettes
A Cambodian woman has been arrested for smuggling counterfeit Thai cigarettes...