GLOBAL COUNTERFEIT SEIZURES (Media & Business; Counterfeit Goods; Consumer)
GLOBAL COUNTERFEIT SEIZURES
7pc of global trade sales is generated from counterfeit goods, and last year US customs seized an estimated street value of more than $ 260 million.
According to the recent European Commission Customs Enforcement of Intellectual Property Rights (IPR) report, customs officials seized almost five million suspected counterfeit body care products last year. Shampoos and toothpastes, cigarettes, clothing and luxury goods, were the most common categories seized.
The biggest percentage of registered body care articles detained came from China, at 46.81pc, with products from the United Arab Emirates at 21.35 per cent, Italy at 13.38pc, and Turkey at 8.17pc. Across all product sectors (clothes, accessories, electronic equipment, and tobacco products), 64 pc of all infringing articles came from China.
More than 77pc of products were either held by customs, destroyed or brought to court to establish whether they were genuine or counterfeit. A statement issued by the Commission says that a proposal aimed at improving legislation and simplifying current rules on customs actions against IPR infringing goods is being constructed, and is expected by the end of the year.
www.cnbc.com recently posted the Top 10 most seized counterfeit goods in the US, below:
1. Footwear: 38pc. $ 99.78 million
2. Consumer Electronics: 12pc. $ 31.77 million
3. Handbags/Wallets: 8pc. $ 21.50 million
4. Clothing: 8pc. $ 21.46 million
5. Watches & Parts: 6pc. $ 15.53 million
6. Computers & Hardware: 5pc. $ 12.54 million
7. Media: 4pc. $ 11.09 million
8. Pharmaceuticals: 4pc. $ 11.06 million
9. Jewellery: 4pc. $ 10.5 million
10. Toys & Electronic Games: 2pc. $ 5.50 million
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