These figures emerge from a cycle of research work carried out by the European Union Intellectual Property Office (EUIPO), over the last 5 years and released in one single report for the first time. The research results feature the contribution of intellectual property to the EU economy and the cost of counterfeiting and piracy to international trade. It also provides an overview of actions being undertaken by national, regional and international bodies to combat intellectual property right infringements.
The 13 sectors studied are: cosmetics and personal care; clothing, footwear and accessories; sports goods; toys and games; jewellery and watches; handbags and luggage, recorded music; spirits and wine; pharmaceuticals; pesticides; smartphones; batteries and tyres.
Today’s figures show that the direct annual losses incurred by those sectors as a result of the presence of fake products in the marketplace amount to EUR 60 billion – equal to 7.5 % of their sales, with 434 000 jobs directly lost in these sectors. The full Synthesis Report and the executive summaries can be found here.