The EU is considering pushing for stronger intellectual property rights laws at world trade talks. The EU is considering pushing for stronger intellectual property rights laws at world trade talks. The EU says counterfeiting is now a global criminal racket operating with organised crime rings in arms, drugs and cigarettes.
Copycat products that are flooding European markets, says the EU, are costing jobs and profits and in the case of low quality counterfeit medicines, are also a health hazard.
According to EU customs statistics, the flow of counterfeits and pirated products swelled by almost 1,000 percent between 1998 and 2004 and cost 200,000 European jobs.
To smother the flow of counterfeits at their origins, the EU is now thinking of getting international support at the world trade forum for stronger intellectual property rights enforcement.
“The Union may also make amendments to the World Trade Organisation Intellectual Property Rights (‘TRIPS’) Agreement so that countries apply anti-counterfeiting controls not only on imports but also on exports, transit and transhipmen