INDIANA – Counterfeit goods have evolved from back-alley deals to a sophisticated global crisis, with an estimated $467 billion in fake products circulating in international trade in 2021. According to a new report from the Organisation for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO), counterfeiters are now seamlessly integrated into online marketplaces, making it increasingly difficult for consumers and businesses to distinguish between genuine and counterfeit products.
The report indicates that while clothing, footwear, and leather goods remain the most targeted sectors, counterfeiters are expanding into nearly every area of daily life. This includes hazardous fakes such as automotive parts, medicines, cosmetics, and toys, wh