News Brief: The Costs of Counterfeiting

A new ICC report predicts the cost of intellectual property rights abuses worldwide will reach $1.7 trillion by 2015 and put 2.5 million legitimate jobs at risk each year.  Launched at the 6th Global Congress on Combating Counterfeiting and Piracy, which took place in Paris in early February, the ICC report updates a groundbreaking 2008 OECD study that showed more than $250 billion in counterfeit and pirated goods move through international trade alone.  The revealing ICC study not only brings the estimates up to date but also examines additional impacts not quantified in the OECD report.  These include the value of domestically produced and consumed counterfeit products, the value of digital piracy, and the negative impacts on society, governments and consumers.

Staff contact: Caitlin Martin

More on ICC’s BASCAP (Business Action to Stop Counterfeiting and Piracy) initiative

Staff Contact:   Brian Lowry

Senior VP, Innovation, Regulation, and Trade
Tel: 202.617.3159

Brian Lowry leads USCIB’s policy work on trade, health, food, agriculture, chemicals, and intellectual property. He also coordinates USCIB’s engagement in the Asia-Pacific Economic Cooperation (APEC) forum. Lowry joined USCIB in February 2021 having previously worked as an executive in the agriculture and crop science industry. Through his role as an executive, Lowry was also a longtime USCIB corporate member leader, as well as co-chair of USCIB’s working group on the UN Sustainable Development Goals and Post-2015 Development Agenda. Lowry was also the first board chair of the UN Global Compact Network USA.
Read More

Related Content