Counterfeit products cost EU companies €16 billion in sales each year

By 2024-01-18T08:36:00

Photo by Guillaume Périgois on Unsplash

According to a new study by the European Union Intellectual Property Office (EUIPO), counterfeit goods cost EU industries an estimated €16 billion in sales and nearly 200,000 jobs each year. The 44-page document, titled “Economic Impact of Countering in the Clothing, Cosmetics, and Toy Sectors in the EU,” reveals the ...

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