Economic impact of counterfeiting in EU - in the clothing, cosmetics, and toy sectors.
In the shadows of legitimate commerce, a pervasive threat looms over the European industries: counterfeiting. With counterfeit goods siphoning off a staggering EUR 16 billion in sales annually and displacing nearly 200,000 jobs, the European Union faces a formidable challenge. From the fashion runways to the shelves of cosmetics and toy stores, the impact of counterfeit goods reverberates through key sectors, undermining consumer trust and economic stability. In this exposé, we delve into the sobering reality of counterfeiting and explore Europe's concerted efforts to combat this insidious phenomenon.