
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
Gold seizures double, raise fears of rise in smuggling.
Gold smuggling seems to be on the rise as seizures by the Customs Department has...
NGOs acting at behest of foreign firms: ITC chief
As its core tobacco business faces pressure, ITC chief Y C Deveshwar on Friday...
Mobile Phone Counterfeiting Blamed on Weak Govt Regulations
Mobile phone manufacturer, Tecno Telecoms has traced the proliferation of...
‘Operation Team Player’ nets more than $37 million in fake merchandise More than 70 people arrested; over 5,000 websites seized in coordination with NFL
WASHINGTON — Federal officials announced Thursday the final record-breaking...