To coincide with the World Anti Counterfeiting Day on June 6, the European Union Intellectual Property Office (EUIPO) released its Synthesis Report.
It shows that EUR 60 billion is lost every year due to counterfeiting in 13 economic sectors, which corresponds to 7.5 % of their sales and 434 000 jobs directly lost in these sectors.
The Synthesis Report brings together research on the contribution of IP to the EU economy and the cost of counterfeiting and piracy to international trade. It also synthesises actions being undertaken by national, regional and international bodies to combat IP right infringements.
Read the full Synthesis Report and the executive summaries here.
Source: IPR Helpdesk News
Synthesis Report on IPR infringement 2018