trade in fake products such as Louis Vuitton bags or Nike shoes
has also worsened in the past decade, with a previous OECD study
in 2008 estimating it at up to 1.9 percent of world imports or
The impact of counterfeiting is greater for rich countries -
where most of the companies making the highly desirable branded
goods are based - with the European Union importing up to 5
percent of fakes in 2013, or as much as $116 billion.
The Paris-based think-tank said China appeared as the largest
producer of counterfeited products, but that the intellectual
property rights of Chinese companies had also been frequently
The OECD cited the post-financial crisis revival in trade, the
emergence of globalized value chains and booming e-commerce as
reasons for the rise in pirated goods trade since 2008.
(Reporting by Michel Rose; Editing by Mark Heinrich)
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