Counterfeit goods total $509B, 3.3% of global trade and growing

Counterfeit and pirated goods made up 3.3% of global trade volumes in 2016, totaling an estimated $509 billion, up from 2.5% in 2013, according to a report from the Organization for Economic Cooperation and Development (OECD). Footwear, clothing and leather goods topped the list of industries hit most by counterfeit products. In 2016, 22% of all customs seizures were for counterfeit footwear...
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