FRIDAY, 23 FEBRUARY 2018
IPR infringement of tyres and batteries costs €2.4 billion a year
The twelfth study by the European Observatory on Infringements of Intellectual Property Rights estimates that €2.2 billion are lost annually in Europe due to counterfeit tyres, and €180 million to counterfeit batteries.
These figures correspond to 7.5% and 1.8% of the sectors’ sales respectively.
The figures are revealed in a study published on 21st February.
The study also reveals divergences between countries: based on the research, the country least affected by counterfeiting in these two sectors is Finland and the country most affected is Lithuania. In absolute terms, the country most affected is Spain, with losses estimated at €477 million.
The report estimates that lost sales translate into direct employment losses of 8,318 jobs. Counting knock-on effects in other industries, the total is 22,283 jobs.
The loss of government revenue is estimated at €340 million.
The MARQUES Anti-Counterfeiting and Parallel Trade Team will review the study and publish any analysis in due course.
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