Tuesday, June 05, 2007

Pirated products valued at $200 billion

The value of global counterfeited goods traded in 2005 was at least 200 billion dollars (148 billion euros) and could be several hundred billion dollars more, the Paris-based OECD estimated on Monday.

The multilateral economics body, which has 30 member countries, released details of an 18-month probe into counterfeiting and piracy worldwide that aimed to shed light on the shadowy business of bootlegs and fakes.

The figure of 200 billion dollars, based on international customs data, did not include counterfeit and pirated products that were produced and consumed in the same country, the OECD said

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