Counterfeit and pirated goods cost the global economy as much as $461bn a year, equivalent to 2.5% of world trade, according to a report from the Organisation for Economic Co-operation and Development. The report draws on Between 2011 and 2013 data for about 500,000 customs seizures and reveals that most fake goods originate from China, while the US is most affected by infringed intellectual property rights. However, all economies produce fake products, with middle income and emerging countries most likely to be significant players.
Counterfeit and pirated goods cost the global economy as much as $461bn a year, equivalent to 2.5% of world trade, according to a report from the Organisation for Economic Co-operation and Development. The report draws on 2013 data for about 500,000 customs seizures and reveals that most fake goods originate from China, while the US is most affected by infringed intellectual property rights. However, all economies produce fake products, with middle income and emerging countries most likely to be significant players.