Titled, The Economic Impacts of Counterfeiting and Piracy, the report provides estimates on the wider social and economic impacts on displaced economic activity, investment, public fiscal losses and criminal enforcement, and concludes that these costs could reach an estimated US$1.9 trillion by 2022. 0000820310 00000 n “If governments hope to stabilize the economy and stimulate economic growth and employment, they must do a better job to protect the central role that IP plays in driving innovation, development and jobs.”, “The unchecked growth of counterfeiting and piracy already has created an enormous drain on the global economy,” said Mr Sanz de Acedo. Stay up-to-date with the latest ICC news and information with our news alerts. 0000808678 00000 n Frontier also estimated the foregone growth and development opportunities that arise from counterfeiting and piracy. /Prev 825501 Preparing for claims in times of covid-19, Belgian Arbitration Practitioner’s visit to the ICC Court of Arbitration in Paris, 40th ICC Institute Annual Conference: Overriding Mandatory Rules and Compliance in International Arbitration. Read the report The Economic Impacts of Counterfeiting and Piracy . 0000809212 00000 n A recent report released in early February and published by Frontier Economics on behalf of the International Chamber of Commerce and BASCAP (Business Action to Stop Counterfeiting and Piracy), along with INTA (International Trade Mark Association), reports the disturbing figure that the value of international and domestic trade in counterfeit and pirated … Fill out our online form or contact us directly. A new report released today indicates that the global economic value of counterfeiting and piracy could reach US$2.3 trillion by 2022. More on this story. trailer <> 0000338474 00000 n INTA launches educational anti-counterfeiting videos, Building Bridges with E-Platforms and Law Enforcement, US Senate designates July as anti-counterfeiting awareness month, Dabus creator loses AI inventor patent appeal, ‘Toy Story 4’ character infringes Evil Knievel IP: suit, Australia weighs new laws to protect indigenous knowledge, EUIPO and EBAN sign agreement to support SMEs, Donald Trump fights fire in Phoenix copyright row. “Here we have expanded the scope of the work to examine categories of impacts identified and discussed – but not quantified – by the OECD/EUIPO report. We estimate the global value of counterfeiting and piracy to be close to US$2.8 trillion by 2022. Combining these two approaches, we forecast that the value of digital piracy in movies, music and software could reach from $384 – $856 Billion by 2022. org.springframework.web.servlet.i18n.CookieLocaleResolver.LOCALE. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the wbsite is doing. We estimate that, in addition to this, the global value of digital piracy in movies, music and software in 20153 was $213 Billion. Frontier also estimated the foregone growth and development opportunities that arise from counterfeiting and piracy. The purpose of this cookie is to check whether or not the user has given the consent to the usage of cookies under the category 'Performance'. This cookie is set by Youtube. Soundcloud Cookie. “It shows the payoff to government in taking action to reduce the incidence of counterfeiting and piracy. The cookies is used to store the user consent for the cookies in the category "Non Necessary". startxref Used by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. 3 0 obj “No one report or approach will yield a complete picture or provide all the answers but we’ve attempted to examine the measurement of this illegal activity in a more comprehensive way than has been done to date and to develop methodologies that others can now use for more completely and accurately estimating the economic and social impacts of counterfeiting and piracy,” Mr Breckenridge said. Our forward projections begin with OECD/EUIPO’s estimates of international trade in counterfeit and pirated goods, augmented by forecasts of growth in import volumes and the ratio of customs seizures to real imports. “We estimate that the value of internationally traded and domestically produced counterfeit and pirated goods in 2013 was $710 to $917 billion,” says the report. Used by sites written in JSP. Taken together, the negative impacts of counterfeiting and piracy are projected to drain US$4.2 trillion from the global economy and put 5.4 million legitimate jobs at risk by 2022. In an interview with WIPR, Amar Breckenridge, a manager at Frontier Economics, notes that the first three sections analyse how big the problems are globally, while the final part says ‘so what?’—and assesses the wider effects.