To commemorate World Anti-Counterfeiting Day 2021, on June 8, INTA published its updated document, “Addressing the Sale of Counterfeits on the Internet.” The guide provides voluntary up-to-date measures for all stakeholders involved in online trademark enforcement.
By Sudath Perera, Managing Partner, Sudath Perera Associates
Pursuant to the World Anti-Counterfeiting Day, which fell on 8th June 2021, we are reminded of the severe impact and threat of counterfeit and pirated products on our lives and the economy.
The
World Anti-Counterfeiting Day was esta
The trade in counterfeit goods is thriving, the EU’s intellectual property office warns, with 7% of Luxembourg residents saying they have been tricked into buying faked goods.
The EUIPO on 8 June marked World Anti-Counterfeiting Day with the launch of a new awareness campaign, saying counterfeit goods make up around 6.8% of EU imports annually, worth €121bn.
Nearly one in ten Europeans in a 2020 study said they had purchased counterfeit goods, Luxembourg ranked below EU average with 7% of people saying they had bought faked wares by mistake.
Online shopping is making it easier for fraudsters to sell their wares, EUIPO warned, saying that a third of EU citizens last year said they were unsure whether a product they purchased was an original or a fake.
news
A global threat heightened by Covid-19 The New Nation
photo by
Catherine Boudot
The latest report from the European Union Intellectual Property Office (EUIPO) and the Organisation for Economic Co-operation and Development (OECD) highlights the dangers of counterfeit medicines for patients as well as the challenges posed by this form of illicit trade for governments and health care companies. The trend has only been exacerbated by the current health emergency created by Covid-19, with people worried about how to deal with this new unknown danger, which still has no approved vaccine or treatment, and the spread of potentially harmful fake products and medicines.