The report by the Organisation for Economic Co-Operation and Development , OECD, and the European Union Intellectual Property Office, EUIPO, has some stark reminders to both owners of intellectual property and the consumers of such goods.
The report examined around half a million customs seizures between 2011 and 2013. It found that imports of counterfeit and pirated goods amounted to up to 2.5% of world trade in 2013. The figures don’t get any better closer to home with the EU receiving up to 5% of counterfeit and pirated goods.
The USA took top place of intellectual property rights being infringed, with China being the most likely place for the infringing goods to originate from. Interestingly, footwear was named as the most counterfeited product.
Antonio Campinos, Executive Director of EUIPO and Angel Gurria, security general of OECD, trust that the report will help decision makers formulate policies to counter and deter such problems.
The decision to register a trademark, design or patent can help to protect your product. These pieces of intellectual property it is possible to ward off counterfeiters with a legal standing.
When considering the use of intellectual property to protect your assets, there are matters to take into account, an example is making sure that your design is capable of registration and subsequent protection.
If you need help with protecting against the counterfeiters then don’t hesitate to get in contact with Lawdid.