OECD: Import Values of Fake Goods Near Half Trillion Yearly
Imports of fake and pirated goods value nearly $500 billion per year, standing at approximately 2.5 percent of global imports, and U.S. brands are among the ones most exploited, according to a report by the Organization for Economic Cooperation and…
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Development and the EU’s Intellectual Property Office, OECD said (here). Most of the profits from the illicit sales, which involve products mostly from the U.S., France, and Italy, fund organized crime, OECD said. Footwear is the most copied item, the group said.