Edition 1479
16 June 2018
Edition: 1479

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Counterfeits cost €1 billion a year

by TPN/Lusa, in News · 07-06-2018 08:14:00 · 0 Comments

Portugal loses 8.2% of direct sales in 13 sectors every year because of counterfeit goods, about €1 billion, the European Union Intellectual Property Office (EUIPO) said.

Counterfeits cost €1 billion a year

 

The EUIPO has monitored the economic cost of counterfeits mover the last five years in sectors that are known to be vulnerable to violations of intellectual property rights.

 

The 13 sectors that were analysed were cosmetics and personal care; clothing, footwear and accessories; sports goods; toys and games; jewellery and watches; handbags and cases; record industry; wines and spirits; drugs; pesticides; smartphones; and batteries and tyres.

 

The data was collected over a five-year period and has been published in a single report for the first time.

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Edition 1479
16 June 2018
Edition: 1479

Read this week's issue online exactly as it appears in print.

Twitter