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