To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of counterfeit goods on UK businesses.
6 March 2020
In 2017 the Organisation for Economic Co-operation and Development (OECD) published ‘Fake Goods, Real Losses – Trade in Counterfeit Products and the UK Economy’. This report available at https://www.oecd-ilibrary.org/governance/trade-in-counterfeit-products-and-the-uk-economy_9789264279063-en was updated in 2019. The most recent report estimates that the value of imports of counterfeit and pirated goods to the UK accounted for as much as GBP 13.6 billion in 2016.
The report also provides information on the value of counterfeit goods sold in the UK and their originating countries.