Italy hit hard by fake goods

25 June 2018

The OECD has revealed that Italy is being hit especially hit by a rise in the number and sophistication of faked goods.

"Trade in counterfeit goods and the Italian economy estimates the total value of counterfeit and pirated Italian goods sold worldwide at over €35 billion for 2013, equivalent to 4.9% of global Italian manufacturing sales," the international trade group said. 

The report also showed that high-tech electronic, electrical and optical products, followed by clothing, footwear, leather and related products, were the most popular for counterfeiting.

"This resulted in over €25 billion in lost sales by Italian companies in a year when Italy's GDP was €1.6 trillion,” the OECD said.


Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.