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The latest report from the Organization for Economic Cooperation and Development (OECD) sheds light on the growing global concern of counterfeit goods, with an estimated value of a staggering 416 billion euros.
This figure accounts for approximately 2.3% of global imports. Notably, the European Union (EU) has emerged as a hotspot, with nearly 99 billion euros worth of counterfeit goods, accounting for 4.7% of the region’s total import value.
Ranking of countries by volume and value of seized counterfeit goods. Source: OECD
The report reveals that 20 out of the 25 countries identified as the top destinations for counterfeit goods are EU members. Customs officials within the bloc consistently intercept large volumes of counterfeits, many of which pose potential risks to consumer health and safety.
Germany leads the world in the value of seized counterfeits, accounting for over 25% of the global total, second only to the United States in volume. France and Belgium are also significant markets, accounting for 9% and 7% of the world’s seized counterfeit goods, respectively.
Statistically, over half of the counterfeits destined for the EU originate from China, followed by Turkey (22%) and Hong Kong (12%). The most commonly faked items include clothing and footwear, while fake watches account for nearly 30% in terms of value.
Notably, cosmetics and toys are among the top health and safety concerns. In the 2020-2021 period, these two categories ranked 6th and 7th, respectively, in terms of seizure volume. Fake car parts (10th) and pharmaceuticals (12th) are also flagged as potentially dangerous to consumers.
OECD warns that the trade in counterfeits fuels corruption and organized crime, erodes consumer trust, and harms legitimate businesses. It also stifles innovation and diverts resources away from the formal economy.
When it comes to transportation methods, postal services account for 58% of counterfeit movements, indicating the prevalence of small-scale yet widespread transactions. Other modes of transport, such as express courier (17%), air cargo (13%), and road freight (10%), are also commonly used.
The OECD report also highlights that recent global crises, particularly the COVID-19 pandemic and the conflict in Ukraine, have made intellectual property protection more challenging. Disruptions in global supply chains and shifting trade enforcement priorities have increased the complexity of risk management and anti-counterfeiting efforts.
The Relentless 24/7 Crackdown on Counterfeit Goods
“The Prime Minister has demanded a relentless crackdown on illicit trade, urging that every day should be a peak in the effort to eradicate the production and sale of counterfeit and imitation goods. This means a consistent and vigorous approach to tackling these issues and ensuring that those involved are brought to justice.”
The Fashionable Fiasco: The Sudden Closure of Fashion Stores Leaves Danang’s Industry Reeling
The vibrant city of Da Nang is taking a tough stance on commercial violations in key tourist areas, including Han Market, Con Market, and the city’s bustling tourism hub. The city is committed to ensuring a fair and safe commercial environment for all.
Declaring War on Counterfeits: The Prime Minister’s Crusade Against Fake Goods, Medicines, and Food
“Concluding the National Online Conference on June 23rd, Prime Minister Pham Minh Chinh emphasized a resolute declaration of war against counterfeit goods. He urged a persistent and relentless battle against fake and substandard products, especially counterfeit medicines and foods. The Prime Minister encouraged every citizen to not only be a soldier in the fight against smuggling, commercial fraud, and intellectual property rights infringements but also a smart consumer in the marketplace.”
“Prime Minister Pham Minh Chinh: Every Day is a Peak for Anti-Counterfeiting Efforts.”
“At the National Online Conference on June 23, Prime Minister Pham Minh Chinh emphasized the imperative to wage a resolute war against counterfeit goods. He urged for a persistent and relentless battle against counterfeiters, emphasizing that every day should be treated as a peak period. The Prime Minister specifically targeted fake medicines and food products, aiming to completely eradicate them from the market. He also encouraged every citizen to play a dual role – to be both a warrior in the fight against smuggling, commercial fraud, intellectual property rights infringement, and a smart consumer in the marketplace.”
Combating Counterfeit Goods: A Daily Endeavor for the Prime Minister
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“Prime Minister Pham Minh Chinh emphasized the resolute declaration of war on counterfeit goods and a persistent fight against illicit trade and intellectual property rights infringements. He stressed the importance of treating every day as a peak period in this battle, particularly when it comes to eradicating fake medicines and food products. The Prime Minister also expressed his desire for every citizen to not only actively participate in the fight against smuggling, commercial fraud, and intellectual property rights infringements but also to become smart consumers in the market.”
