Counterfeiting of goods – one of the most profitable industry
According to Forbes; Counterfeiting of goods is among the world's seven most profitable illegal industries. It is estimated that 5-7 percent of total international trade expose by fakes.
Drug business, cargo theft, cigarettes and oil smuggling, human trade, art treasure theft and counterfeiting are the world's seven most profitable illegal industries, generating hundreds of billions USD profits to stakeholders annually. The Organization for Economic Cooperation and Development (OECD) estimates, that the international trade of counterfeit and pirated products exceeded 250 billion USD in 2009, which was 2 percent of the world's total trade turnover – reports penzcentrum.hu.
Related news
Related news
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >