OECD Finds Global Counterfeiting Costs Far Lower Than Claimed

I referenced this report in my posting on Warner Bros., but it merits specific mention as a must-read.  The Financial Times reports that the OECD is about to release a report on the impact of global counterfeiting and piracy.  It places the impact at $200 billion annually, a far cry from the $1 trillion claimed by the International Chamber of Commerce.  Indeed, the number is so much lower that the FT notes that the report could prove embarrassing for business lobbies and suggests that business groups such as the ICC fear that the report could "undermine momentum in tackingling IPR abuses."

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