Focus on Counterfeit and Pirated Goods
Recent trade talks with the Chinese government have put the issues of counterfeit and pirated goods back in the news. Last year, China launched a six month campaign focused on enforcement of intellectual property rights but U.S. officials want to establish benchmarks to better measure progress and enforcement. It seems that much of this attention is focused on technology products but retail products such as handbags, apparel, and DVD’s are still very much part of the mix. Here is an article from the Business Standard and an article from Market Watch on the trade talks and the underlying issues.
Meanwhile, back in the U.S., several high profile law enforcement raids show the goods have a steady demand from the buying public here. This article highlights a raid in Las Vegas that netted $350,000 in countfeit goods while this article reports a Los Angeles raid that seized over $4 million in counterfeit goods.