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Communication/Conference: Counterfeit and pirated trade weigh heavily on the European economy

Communication/Conference: Counterfeit and pirated trade weigh heavily on the European economy

April 18th, 2016 - www.oecd.org “Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact”

According to the OECD and EUIPO study published on April 18, 2016, the counterfeit and pirated products accounts for USD 461 billion in world trade in 2013 - about 2.5% of total world trade - the equivalent of the GDP of Austria. We can discover the American, Italian and French brands are the most affected by counterfeiting and part of the proceeds fuels organized crime. Up to 5% of goods imported into the European Union are counterfeit, which mostly originate in "middle-income or emerging countries, China being the largest producer." Apparently, still according to the report, the phenomenon has evolved over the last decade.

In the 2011-13 seizures, the United States were the most affected by intellectual property rights infringement with a rate of 20%, followed by Italy (14.6%), France (12.1%) and Switzerland (11.7%).

The counterfeiting of medicines is also singled out in the report for threatening the lives of the consumers-patients. It is also reported that a large volume of counterfeit goods is shipped by mail or express related to purchases made on the internet, and particularly via e-commerce solutions.