Safeguarding Supply Chains

The International Center for Trade Transparency is committed to assisting businesses in reducing counterfeits in their supply chains, ensuring the integrity of their products, and safeguarding the reputation of their brands.

A Word from Our Chief Executive Officer 

 

“Combating counterfeits is not only about safeguarding revenues, but also about maintaining consumer trust and preserving product quality on the market.”

– James S. York, CEO, International Center for Trade Transparency Limited

Maintaining Market Competitiveness

Tracking counterfeits is crucial to international trade, as counterfeit products can result in significant revenue loss and brand reputation damage. Businesses can protect their financial interests and maintain consumer confidence in their products by addressing this issue.

Major Facts: Falsified Products in International Trade:

  • Global Counterfeit Trade Value (2016): 3.3% of global trade at a value of $509 billion.
  • Trends in Trade in Counterfeit and Pirated Goods, OECD/EUIPO, 2019.
  • Customs Examinations: In the United States, less than one percent of all commodities are inspected by CBP, with the percentage being higher for high-risk goods.
  • Customs and Border Protection (CBP), Congressional Budget Justification for Fiscal Year 2020.
  • Rate of Detention of Counterfeit Commodities (EU, 2018): 0.1% by customs officials.
  • The Economic Expense of IPR Infringement in the Pharmaceutical Sector, European Union Intellectual Property Office (EUIPO), 2010.
  • Projected Global Losses Due to Counterfeit Goods for the Year 2022: $2,3 trillion and 5,4 million lost jobs globally.

Source: The Economic Impacts of Counterfeiting and Piracy, published by the International Chamber of Commerce.

By providing businesses with accurate and current information, we empower them to take decisive action against counterfeit products in their supply chains, helping to safeguard their revenue, brand reputation, and overall consumer trust.