The international trade in counterfeit products rose 154 percent, from US$200 billion in 2005 to US$509 billion in 2016, according to the OECD. DHS said in the report that it made nearly 34,000 seizures of fake goods in 2018, a 10-fold increase from 2000. Officials say the proceeds from counterfeit goods may also benefit global criminal networks. The company said it has developed systems to protect intellectual property and has worked with brand name companies, law enforcement, consumers and trade associations to battle the problem. Amazon says it prohibits the sale of counterfeit products and welcomes more coordinated support from law enforcement to stem the problem.

Source: Taipei Times January 25, 2020 15:56 UTC