India ranks on 5th Place in forge goods trade, China on Top in the list
Free Current Affairs to Your Email
Posted on:02 May 2016 16:09:38
02 May 2016 Current Affairs: India ranks fifth position in the exports of Fake goods globally, while china is No.1 in the list with a huge 63 % share in the estimated half-a-trillion dollar worldwide imports of forged and pirated goods.
Ranking of Countries affected by global Trade in fake foods:
Value of imported fake goods worldwide at USD 461 billion in 2013, compared with total imports in world trade of USD 17.9 trillion. 5% of goods imported into the European Union are fakesHalf a million customs seizures around the world over 2011-13Fake products handbags, perfumes, machine parts, chemicals and footwear.Causes of Counterfeiting – Endanger lives: Auto parts that fail, pharmaceuticals that make people sick, toys that harm children, baby formula that provides no nourishment and medical instruments that deliver false readingsPostal parcels are the top method of shipping forged goods, accounting for 62% of seizures, reflecting the growing importance of online commerce in international trade.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.