Sunday, Apr 26, 2015

China primary source for counterfeit goods seized in US:Report

GOODS-MEDIUM Counterfeit goods seized by the U.S. government are shown on display. Reuters Photo
By: Press Trust of India | Washington | Updated: March 25, 2014 8:41 am

China remains the primary source for counterfeit and pirated goods seized in the United States, an official report has said.

In the year 2013, Chinese counterfeit and pirated goods seized in the US accounted for a total value of USD 1.1 billion, representing 68 per cent of all such goods seizures by the Customs and Border Protection, the US Department of Homeland Security said yesterday in its annual report.

China was closely followed by counterfeit and pirated goods from Hong Kong, which accounted for 25 per cent of the total goods seized.

China and Hong Kong was followed by a India with a distant third position accounting for three per cent of the total goods seized, the report said.

The number of intellectual property right (IPR) seizures increased nearly seven per cent from 22,848 in fiscal 2012 to 24,361 in fiscal 2013.

The MSRP of seized goods increased from USD 1.26 billion in FY 2012 to USD 1.74 billion in FY 2013.

DHS averaged slightly over 66 seizures per day, with an average MSRP of each seizure being slightly more than USD 71,500.

“Together with our IPR partners, CBP continues to guard the nation’s borders against counterfeit products,” said CBP Commissioner R Gil Kerlikowske.

“These products are not only unsafe and dangerous to consumers, but they also pose a threat to the economic security of our country,” he added.

The National Intellectual Property Rights (IPR) Center continued its initiative Operation “In Our Sites” in FY 2013 to shutdown rogue websites trading in counterfeit and pirated goods.

It seized control of 1,413 websites trading in these illicit goods in FY 2013. Consumers are reminded to remain vigilant when making online purchases, the report said.

First Published on: March 25, 20148:40 am
Do you like this story