Online retail fuelling rapid rise in sales of fake goods, says OECD
Counterfeits worth $590bn a year made up 3.3% of global trade in 2016, report finds
Counterfeits worth $590bn a year made up 3.3% of global trade in 2016, report finds
Fake products harm the economy, as they damage legitimate business and starve innovation. Counterfeiting activities account for over €200 billion in losses for the world economy and it is estimated that such losses may climb further, according to European Commission‘s latest study “Too good to be true: the real price of fake products”, a report … Read more