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Trade in Counterfeit Products and the UK Economy

Fake Goods, Real Losses

image of Trade in Counterfeit Products and the UK Economy

The modern structure of the UK economy is largely based on knowledge, ideas and innovation and its well integrated global value chains. These factors help boost the country’s economic growth, but at the same time they make it highly susceptible to the risk of trade in counterfeit goods. This risk negatively affects UK rights holders, the UK government, and the reputation of UK firms. This report measures the direct, economic effects of counterfeiting on consumers, retail and manufacturing industry and governments in the United Kingdom. It does so from two perspectives: the impact on these three groups of imports of fake products into the UK, and the impact of the global trade in fake products on UK intellectual property rights holders.

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Quantifying the UK impacts of the global trade incounterfeit products: methodological background

The entire UK economy relies on some form of intellectual property (IP), because virtually every industry either produces or uses it. The flipside of the value of IP is the harm caused by IP theft, involving creating and selling counterfeit and pirated products. Information on the magnitude, scope and trends of counterfeit and pirated trade is critical to understand the nature of the problem and how the situation is evolving. It is also essential for designing and implementing effective policies and measures to combat illicit operations. This report describes an analysis conducted by the OECD of the economic impact on the UK economy of the global trade in counterfeit and pirated goods. This chapter takes a step-bystep approach to explain the unique methodology used for the analysis.

English

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