OECD Report Issues Report On Counterfeiting And Piracy Of Tangible Products

A recent report from the Organisation for Economic and Co-operation and Development (OECD) confirms what has been known for a long time: that counterfeiting and piracy of tangible goods is a major impediment to global trade, and is only getting worse. Entitled "Magnitude of Counterfeiting and Piracy of Tangible Products — November 2009 update," the report updates a previous major study (http://www.oecd.org/document/4/0,3343,en_2649_34173_40876868_1_1_1_1,00.html) on counterfeiting undertaken by the OECD in 2008. The report estimates that global trade in counterfeit and pirated tangible goods more than doubled in this decade to approximately $250 billion US in 2007, up from just over $100 billion US in 2001.