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A counterfeit Port wine

Friday, November 26, 2010 - Daniela Ida Zandonà | fake_products

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Watch Out For Fakes

General information, EFOW | fake_products

A counterfeit product is an imitation made with the sole purpose of fraudulently confusing the consumer and passing the imitated good as genuine. In general, products that are counterfeit are made with the aim of taking advantage of the notoriousness of the imitated good in question. Counterfeiting is a criminal act since it is an infringement of an Intellectual Property Right (IPR). In fact, it is "one of the fastest growing economic crimes worldwide. Such crimes account for about 5% of world trade, representing about US$250 billion annually" (source: Counterfeiting Intelligence Bureau, International Chamber of Commerce).