OECD-EUIPO report reveals €99bn counterfeit goods entering EU market in 2021
The Organisation for Economic Co-operation and Development (OECD) and European Union Intellectual Property Office (EUIPO) has published their joint analysis of global counterfeit trade using 2021 customs seizure data. The report reveals counterfeit goods valued at $US 467bn entered global trade (2.3% of world trade) and €99bn entered the EU market (4.7% of EU imports) in 2021. The analysis identifies enforcement challenges including increased 'localisation' of counterfeit assembly near destination markets, exploitation of de minimis thresholds, and a shift toward road transport rising from 4% to 18% of seizures between 2017-19 and 2020-21. China and Hong Kong remain primary sources, accounting for 62% of seized counterfeit items in global trade.