Egypt Today - File photoMany people tend to think of buying knockoff designer goods as something normal and acceptable since the original is often perceived as overpriced. In a way, this has been positive for local brands and designers, as more consumers prefer buying Egyptian over imported. This constitutes around 2.5% of global imports, with profits often going into the pockets of organized criminal organizations.In 2013, OECD and the EU’s Intellectual Property Office placed the value of imported fake goods worldwide at $461 billion, compared to a total imports in world trade of $17.9 trillion. Up to 5% of goods imported into the European Union are counterfeit, most of which are produced in the likes of China and Bangladesh. Gray unveils how fake luxury handbags are often made by children who are likely the victims of human trafficking.

Source: Egypt Today April 23, 2018 14:26 UTC