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The Rise of Counterfeiting/Piracy

The Rise of Counterfeiting/Piracy. Intellectual property rights have a considerable economic value. Non-respect on commercial scale ”multi-billion dollar problem” 5-7 % of world trade. Consequences of counterfeiting/piracy. No royalties to inventors/creators Loss of taxes for governments

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The Rise of Counterfeiting/Piracy

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  1. The Rise of Counterfeiting/Piracy • Intellectual property rights have a considerable economic value. • Non-respect on commercial scale • ”multi-billion dollar problem” • 5-7 % of world trade

  2. Consequences of counterfeiting/piracy • No royalties to inventors/creators • Loss of taxes for governments • Prevents establishment of domestic markets • Links to organised crime/terrorism • Dangers for public safety and health (counterfeit spare parts and medicines).

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