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India ranks on 5th Place in forge goods trade, China on Top in the list

India ranks on 5th Place in forge goods trade, China on Top in the list
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:

US

Italy

France

Switzerland

Japan

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.


December 2016 Current affairs
9 DEC
NEWS
8 DEC
NEWS
7 DEC
NEWS
6 DEC
NEWS
5 DEC
NEWS
3 DEC
NEWS

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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