Misuse of E-Commerce for Trade in Counterfeits
Networks of illicit trade in counterfeits use many modern solutions, including e-commerce, a tool that offers numerous advantages for consumers and businesses. The COVID-19 pandemic has accelerated both illicit trade and its misuse of the online environment. This report uses a tailored, statistical methodology to assess the misuse of e-commerce for trade in counterfeit goods. It also presents key government actions and industry initiatives to counter this risk.
Introduction
Globalisation, policies for improving trade facilitation and the rising economic importance of intellectual assets are important drivers of economic growth. These intangible assets in the global trade context have shifted the attention of industry leaders and policymakers towards intellectual property (IP). For modern industries, IP is a key value generator and enabler of success in competitive markets. Meanwhile for policymakers, IP plays a crucial role in promoting innovation and driving sustained economic growth.
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