Transnat.Organized Crime

1. IMPACT OF COUNTERFEITING
ON INTERNATIONAL MARKET
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PRESENTED BY
RAHUL KUMAR
ROLL-17152
GROUP-17

2. WHAT IS COUNTERFEITING
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Counterfeiting can be closely related to theft which involve illegitimate
acquisition and use of intellectual property
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The Agreement on Trade-related Aspects on Intellectual Property Rights
(the TRIPs Agreement) defines counterfeiting and piracy as follows:
- “counterfeit trademark goods” shall mean any goods, including
packaging, bearing without authorisation a trademark which is identical to
the trademark validly registered in respect of such goods.
- “pirated copyright goods” shall mean any goods which are copies made
without the consent of the right holder or person

3. RISE IN THE BUSINESS OF
COUNTERFEIT PRODUCT
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Data provided by the organisation
of economic co-operation and
development(oecd) and u.s custom
seizures data- that trade in
counterfeit and pirated products
accounted for as much as 2.5% of
the value of international trade, or
$461 Billion, in 2013.
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China emerged as the primary
origin of counterfeits imported into
the EU.

4. REASON FOR RISE
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New technology
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Increase in international trade (globalisation)
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Emerging market and products
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Difficulties in measuring the markets of fake products

5. IMPACT OF COUNTERFEITING
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Industry world-wide loses billions of
dollars every year to counterfeiters.
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The crime of counterfeiting is double-
edge sword which not only harm the
economy of country in which it is sold by
declining the rate of investment in long-
run but also impact the host country by
reduction in foreign exchange, foreign
investment, export, job loss.
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Profit made in this business are used to
finance terrorism.

6. COVID-19 AND WAY FORWARD
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The lockdowns have pushed people to make
all their purchases through e-commerce sites
and this is allowing counterfeiters to prey on
the vulnerability of the purchasers.
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Indian customs act, 1962 and drug and
cosmetics act,1940 and related amendment
to tackle the problem of counterfeiting.
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Way forward-
1. compulsory licensing under patent act,
1970.
2. consumer protection (e-commerce)
rule,2020