Global sales of counterfeit and pirated goods have soared to 460 billion euros ($522 billion) a year, amounting to a whopping 3.3 percent of world trade, according to a report published Monday.
The latest assessment by the EU Intellectual Property Office (EUIPO) and the OECD found the share of counterfeit goods had seen a “considerable” rise since its previous 2016 estimate of 2.5 percent of global trade.
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