OECD warns about the rise in commercialization of fake products

According to a the latest report by OECD (Organization for Economic Cooperation and Development) and EUIPO (European Union Intellectual Property Office), there has been a considerable increase in the rise in the commercialization of fake products. The report states that fake and pirated goods currently have a global value of 460 billion euros which has jumped up from 338 billion euros in 2016.

The EU has estimated that 6.8% of all imports from third countries are counterfeit or pirated having a total value of 121 billion euros. It is a considerable increase when compared with the 5% estimate of EU imports stated in the 2016 report.

The companies and businesses most affected by forger and piracy have headquarters in countries like United States, France, Italy, Switzerland, Germany, Japan, South Korea and the United Kingdom.

However, an increasing number of companies registered in other economies (China, Brazil and Hong Kong) are also affected by the world trade of fake and pirated products.

The report noted that those products can come from any economy in the world, be made there directly or be introduced through a point of transit.

Source: plenglish.com

Footwear and clothing most counterfeited goods: OECD

According to a joint report by OECD (Organisation for Economic Co-operation and Development) and EUIPO (European Union’s Intellectual Property Office) the trade in counterfeit and pirated goods accounted to 3.3% of the overall global trade. However, the report cites facts and figures from the year 2016 and also does not mention about the rise of fake goods in e-commerce.

As per OECD and EUIPO, fake goods violate copyrights and trademarks, creates profits for organised crime gangs and jeopardizes the health of the consumers. The report mentions that poor screening of the small parcels, policy gaps like inconsistent penalties on traffickers and weak rules governing free trade zones can lead to the rise of fake goods.

Here are some excerpts from the report:

Top traded fake goods for 2016

  • Footwear was the topmost traded fake item at 22%, followed by clothing at 16%
  • Leather goods accounted for 13%
  • Electrical equipment for 12%
  • Watches at 7%
  • Medical equipment for 5%
  • Toys at 3%, jewellery at 2% and pharmaceuticals at 2%
  • Other industries accounted for 12% of the total fake traded goods

Origins, destinations and means

  • Majority of fake goods picked up by customs originated in mainland China and Hong Kong, along with the UAE, Turkey, Singapore, Thailand and India.
  • Countries most affected by counterfeiting were the US, France, Italy, Switzerland and Germany, with targets growing in Singapore, Hong Kong, Brazil and China.
  • Small parcels were 69% of the total customs seized parcels by volume from 2014-16 (57% via post and 12% via courier), up from 63% over the 2011-2013 period.

The complete report can be accessed here.

Source: Medianama