Our news on intellectual property

New report about dangerous fakes released by EUIPO and OECD

Dangerous fakes are increasingly sold via e-commerce – online sales represent 60 % of seizures of dangerous counterfeits destined to the European Union, as found in a new report “Dangerous Fakes. Trade in counterfeit goods that pose health, safety and environmental risks” from the European Union Intellectual Property Office (EUIPO) and the Organisation for Economic Cooperation and Development (OECD) released on March 17, 2022.

The report analyses data from customs seizures and other enforcement data and looks at how dangerous counterfeits can end up in the hands of consumers. Counterfeit products have a wide range of negative consequences. This report shows that counterfeits not only cause economic damage and job losses, but they also create serious risks for consumers. These include health risks (e.g. fake pharmaceuticals or food products), safety risks (e.g. fake automotive spare parts or batteries) and environmental risks (e.g. fake chemicals or pesticides).

Some other findings:
– Perfumes, cosmetics, clothing, toys, automotive spare parts and pharmaceuticals, among the most common dangerous fakes
– China and Hong Kong account for 75 % of dangerous fakes seized
– The leading destinations for dangerous fakes are the United States followed by Germany The leading destinations are Germany (by far) followed by Belgium, Denmark, Italy, Spain and Austria

The first step to avoid and tackle counterfeits is to properly protect the brands and the visual attributes of packagings of genuine products.

Get your intellectual property secured. SEDIN advise and assist you in obtaining proper protection.

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Based in Geneva, SEDIN assists you in protecting, enhancing and defending your trademarks and intellectual property assets in Switzerland and internationally.

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