Day: November 19, 2009

MAGNITUDE OF COUNTERFEITING AND PIRACY OF TANGIBLE PRODUCTSMAGNITUDE OF COUNTERFEITING AND PIRACY OF TANGIBLE PRODUCTS



The OECD just published an update on the magniture of counterfeiting and piracy of tangible products. The report, Magnitude of Counterfeiting and Piracy of Tangible Products-An Update, is a useful reminder of the problem and reinforces the need for a global agreement like ACTA to address the problem.

An 2008 OECD study concluded that international trade in counterfeit and pirated goods could have accounted for up to USD 200 billion in 2005. The updated estimates, based on the growth and changing composition of trade between 2005 and 2007, suggests that counterfeit and pirated goods in international trade grew steadily over the period 2000 – 2007 and could amount to up to USD 250 billion in 2007.…