The European Union Intellectual Property Office (EUIPO) and the The Organisation for Economic Co-operation and Development (OECD) have jointly launched a study which quantifies the value, scope and magnitude of global trade in counterfeit goods.

The first such report was published in 2016 and was based on data for 2013, it has now been updated with more recent data for 2016.

The results show that the problem of fakes in world trade has become more serious — counterfeit goods are now estimated to account for as much as 3.3 % of world trade (compared to 2.5 % in the earlier study).

To view the full report press here.