Counterfeiting / 270,000 jobs lost

The increase of worldwide counterfeited goods between 1994 and 2011 is estimated to have risen of about +1,850%. 270,000 is the estimated figure of lost jobs in the last ten years worldwide. Of these, 125,000 were lost in the European Union.

The total sales of counterfeit goods circulating worldwide are estimated to be between 7 – 9%. According to recent studies, a total of 250 billion USD worth of counterfeit goods have crossed custom borders between production and consumption. Products may also have been bought within the same borders (UE, NAFTA, etc.), in which case the total amount could be double or more.  From the figures it can be estimated that 5% of the watch industry, 6% of the medicine industry, 10% of the fragrance industry, 20% of the textile, fashion and apparel industry 25% of the audio/video industry and 35% of the software industry are counterfeit.

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via Counterfeiting grows +1.850% and cancels 270,000 jobs – www.sportswearnet.com.