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10 March 2017TrademarksJeremy Summers

Counterfeit kit: a fan’s own goal

According to a  recently published report from  “The Economic Impacts of Counterfeiting and Piracy”, the negative effects of infringement are projected to drain $4.2 trillion from the global economy by 2022. The loss is calculated by looking not just at the value of goods, but also the wider socioeconomic impact. For example, the report suggests, by 2022, 5.4 million legitimate jobs would have been affected.

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