
THE IMPACT OF ILLICIT TRADE
Counterfeit and pirated products are being produced and consumed in virtually all economies. The OECD, by 2016, estimated that trading in fake goods was at 3.3% of world trade, or US$ 509 billion. Counterfeit and pirated products are being produced and consumed in virtually all economies. The OECD, by 2016, estimated that trading in fake goods was at 3.3% of world trade, or US$ 509 billion. This is based on valuation of customs seizures of fake goods around the world; the