Trade in fake goods is now 3.3% of world trade and rising

The global market for imported counterfeit goods has been growing steadily for years and now accounts for 3.3 per cent of all global trade, according to a report published last month by the Organisation for Economic Co-operation and Development (OECD), and the EU’s Intellectual Property Office.

The countries most affected by counterfeiting in 2016 were the United States, whose brands or patents were concerned by 24% of the fake products seized, followed by France at 17%, Italy (15%), Switzerland (11%) and Germany (9%). A growing number of businesses in Singapore, Hong Kong and emerging economies like Brazil and China are also becoming targets.

Instagram has a counterfeit fashion problem

Counterfeit goods used to be sold in secret. Now they’re all over the internet.By Chavie Lieber@ChavieLieberChavie.Lieber@Vox.com  May 2, 2019, 3:40pm EDT

A report from the analytics firm Ghost Data has found that Instagram is a hotbed for the buying and selling of knockoff fashion, from fake Chanel bags to dupe Gucci slides to counterfeit Adidas tracksuits.

According to the firm’s study, published in April, nearly 20 percent of all posts about fashion products on Instagram feature counterfeit products. The study identified more than 50,000 accounts promoting and selling counterfeits, a 171 percent increase from its 2016 analysis, when the firm found about 20,000 accounts.

STOP THE FAKE WITH QUANTTAG

The concept of ownership chain with our Quantum Tags, blocks any large scale counterfeit production.