Credit Card

In: Business and Management

Submitted By shjoon
Words 261
Pages 2
Counterfeiting is a growing and increasingly dangerous phenomenon. The statistics of seizures for 2007 confirm an existing trend. Counterfeited and pirated articles threaten the health and safety of EU citizens, their jobs, Community competitiveness, trade, and investment in research and innovation.
In 2007, EU Customs seized more than 79 million counterfeit and pirated goods and handled more anti-counterfeiting cases than ever before. A total of more than 43 000 cases were dealt with in 2007, up nearly 17% from 2006. These figures reflect the fact that seizures involving smaller quantities of counterfeit and pirated goods have increased.
Comparing to 2006 we see an increase in almost all product sectors. Besides medicines, which have gone up by 51% compared to 2006, the 264% increase of intercepted articles for personal care is also a very worrying factor considering that creams, toothpaste and razor blades are amongst them. Another worrying sector is the one of electrical equipment in which we find fuse boxes, switches and other safety equipment under the seized goods.
The increasing use of the internet to sell fakes (mainly medicines) and the fact that the high quality of fakes often makes identification impossible without technical expertise, increases the challenge customs face.
One of the reasons for this explosion in trade in fakes is that criminals can now produce them on an industrial scale. This provides increased profits and a lot of international criminal organisations are now involved in counterfeiting. It is also believed that terrorist groups are involved in counterfeit and piracy as a means of financing their…...

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