How Free Trade Zones facilitate transhipment of counterfeit goods
Posted On: 9th January 2019
Counterfeiting is a global industry in its own right and affects most brands and products within, and outside of the EU. International trade in counterfeit goods is estimated to make up approximately
Counterfeiting is a global industry in its own right and affects most brands and products within, and outside of the EU. International trade in counterfeit goods is estimated to make up approximately 2.5% of all global commerce, worth approximately USD500 billion.
China has long been recognised as the market leader of the international counterfeiting industry, with counterfeit goods now estimated at representing over 1.5% of its GDP. Over 50% of fake products in circulation in the EU and US are believed to have been exported from China. Several transit countries are also known to contribute high levels of Chinese-made counterfeit goods to the global problem.
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