fake goods trade

Trade in Fake Goods Has Worsened to Almost Half a Trillion Dollars

PARIS, April 18 – Counterfeited and pirated goods accounted for up to 2.5 percent of world trade, or as much as $461 billion, significantly damaging companies and state coffers, the Organisation for Economic Cooperation and Development (OECD) said on Monday. The trade in fake products such as Louis Vuitton bags or Nike shoes has also

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