India ranks on 5th Place in forge goods trade, China on Top in the list

India ranks 5th position in the exports of Fake goods globally while china is No.1 in the list with a huge 63 % share in the estimated half-a-trillion dollar worldwide imports of forged and pirated goods.

Ranking of Countries affected by global Trade in fake goods:
1. US
2. Italy
3. France
4. Switzerland
5. Japan

Value of imported fake goods worldwide at USD 461 billion in 2013, compared with total imports in world trade of USD 17.9 trillion. 5% of goods imported into the European Union are fakes Half a million customs seizures around the world over 2011-13. Fake products handbags, perfumes, machine parts, chemicals and footwear.
Source- The HIndu


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