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How many billions of dollars do European citizens buy counterfeit products annually? – – IG News

Madrid: The European Union’s Office of Intellectual Property has revealed in a report that one out of every 10 people in the EU member states buys counterfeit products.

According to the details, the European Union’s Intellectual Property Office has released a review report, which states that the value of counterfeit products sold in the European bloc has reached 147 billion dollars.

According to the news agency Reuters, every tenth person in Europe is caught in the clutches of counterfeit products in the markets, many people try to differentiate between the original and the copy, but fail.

The report says that in European countries, counterfeit goods are often imported from Asian countries, accounting for 6.8% of the total imports of EU member states and worth 121 billion euros (7 147 billion). Products include clothing, electronics, toys and wine products.

According to the report, the situation of counterfeit products varies in different countries of the European Union, with Spain leading by 12%, France by 9%, Bulgaria by 19% and Switzerland by 2%.

In this regard, 9% of Europeans say that they unexpectedly buy counterfeit products while shopping.

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