THE Transnational Alliance to Combat Illicit Trade (Tracit) has cited the Philippines as a “regional leader” in promoting domestic cooperation in the fight against counterfeiting, according to the Intellectual Property Office of the Philippines (IPOPHL). “The Philippines has emerged as a regional leader in promoting domestic cooperation, particularly in IP…
‘People cannot afford to buy legal stuff and are inevitably turning to the black market to find cheaper alternatives. The problem is they may find cheaper alternatives, but they may also get dangerous products for their own health,’ says Stefano Betti, vice president of the Transnational Alliance to Combat Illicit Trade.
South Africa suffers 'staggering losses' of around R100 billion a year due to illicit trade, counterfeiting iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.