New research estimates that Global counterfeiting and piracy will continue to grow at a shocking rate over the next five years, hitting a level of $1.9trn to $2.8trn by 2022.
The report builds on findings of an often-cited Organization for Economic Cooperation and Development (OECD) and European Union Intellectual Property Office (EUIPO) report, which estimated that trade in counterfeit and pirated products accounted for as much as 2.5 per cent of global trade in 2013.