The newly released OECD – EUIPO report “Trends in Trade in Counterfeit and Pirated Goods” based on 2016 figures estimates that the international trade in counterfeit and pirated products represents up to 3.3% of world trade. This amounts to as much as US$ 509 billion. This new figure denotes an increase of nearly 1% from the latest figure released in 2013 of 2.5% of world trade in counterfeit and pirated goods. In 2013 this was equivalent to up to US$ 461 billion. Those figures are all the more significant as they exclude domestically produced and consumed counterfeit and pirated products and pirated digital products distributed via the Internet.
Counterfeit and piracy are on the rise with counterfeiters having recourse to complex intermediary transit points, including free trade zones and the use of small shipments. Right holders must act strongly and integrate anticounterfeiting actions into their business strategies, the more so as the rise in the share of counterfeit and pirated good occurred while the overall world trade decreased.
The report is available at: https://euipo.europa.eu/
(Photo by Tom Fisk.)