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One In 10 Europeans Has Purchased A Faux Product, Says Examine

The research stated that counterfeit merchandise account for six.8 % of the EU imports.(Representational)

Madrid, Spain:

One in each 10 Europeans has been duped into shopping for counterfeit merchandise, largely coming from Asia, a research by the EU’s mental property workplace (EUIPO) confirmed Tuesday.

Many customers battle to distinguish between genuine merchandise and fakes, stated the research by EUIPO which relies within the Spanish coastal metropolis of Alicante.

Counterfeit merchandise account for six.8 % of the European Union’s imports and are price 121 billion euros ($147 billion) in keeping with figures from EUIPO and the Paris-based Organisation for Financial Co-operation and Growth(OECD).

Counterfeits are current in all sectors from clothes to electronics, toys and wine, with 9.0 % of European “admitting that they had been duped into making such a purchase order,” the research discovered.

However the proportion varies extensively by nation, with 12 % in Spain, 9 % in France, 19 % in Bulgaria and a pair of % in Switzerland.

In a context the place e-commerce is booming globally as a result of pandemic, by which 70 % of Europeans shopped on-line final yr, Eurostat figures present, “the power to determine counterfeit merchandise stays problematic for EU residents”, the research says.

EUIPO says 33 % of Europeans “have already puzzled concerning the authenticity of a product they’ve purchased”.

EUIPO head Christian Archambeau additionally flagged the “rise within the variety of counterfeit drugs and healthcare merchandise which may have hostile results on individuals’s well being and security”.

Based on one other EUIPO research revealed earlier this yr, the primary international locations of origin for counterfeit drugs are China and India, whereas the United Arab Emirates, Hong Kong and Singapore function “transit hubs” for such merchandise, whose international worth in March 2020 amounted to $5 million.

Such merchandise, which embody the whole lot from painkillers to antibiotics and even face masks, are largely destined for Africa, the US and Europe, but additionally Albania, Ukraine and Morocco.

They’re largely transported by ship, with “80 % of the worldwide worth of containers seized worldwide” originating from China and Hong Kong, the EUIPO research stated.

It additionally drew consideration to the “profitable” piracy of tv content material that’s accessed on-line, which within the EU is price greater than $1 billion yearly, with the ensuing impression felt by content material creators and bonafide companies.

(Aside from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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