CHINA TOPIX

Global Trade in Fake Goods Worth Nearly Half a Trillion Dollars: OECD

Charissa Echavez   |

Apr 20, 2016 01:20 PM EDT

Imports of counterfeited and pirated goods account for up to 2.5 percent (as much as $461 billion) of global trade, causing significant damage especially to French, Italian and US brands and state funds, the Organisation for Economic Cooperation and Development (OECD) revealed on Monday.