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March 21, 2018
OECD says 2.5% of internationally traded goods are counterfeit
A new study from the Organisation for Economic Co-operation and Development (OECD) on illicit trade reveals that, on average, 2.5% of internationally traded goods are counterfeit, rising to 6.5% for IT and communication products.
The new policy study, Governance Frameworks to Counter Illicit Trade, focuses on the ineffective penalties and sanctions around the shipping of illicit goods, the poor screening of small parcels and the insufficient control over goods passing through free trade zones.
The document indicates that poor implementation of policies against illicit trade, and a lack of co-ordination across borders, is allowing criminal networks to evade detection and enforcement.
In the changing commercial environment, rapid growth in the use of postal and courier services, as well as online sales, is leading to more illicit trade in small shipments, which increases the cost of enforcement.
The report recommends enhancing the effectiveness of penalties and sanctions for countering illicit trade, and finding ways to improve the screening of the rising volume of small shipments for illicit products.
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