Across the European Union, including in Portugal, there are tough penalties for anyone caught trading in counterfeit goods which the European Commission says is responsible for products that damage health and cause financial loss to tax authorities and companies.
In 2019, the most recent year for which figures are available, imports of counterfeit goods amounted to 119 billion euros (129 billion dollars) โ up to 5.8 percent of EU imports.
The total amount of articles detained at the EUโs borders increased in 2019 compared to previous years. Despite the continued efforts of public and private stakehZenger News to turn the tide, counterfeiting is said to be still thriving.
Couple from Mirandela in Portugal detained in April 2022 during a Facebook live sale session. (Zenger)
Counterfeiters are also not just confined to luxury goods, with the fakers target goods from a broad variety of industries, such as pharmaceuticals and medical devices, consumer goods (e.g. food and drink, cosmetics and toys), businessโtoโbusiness products (e.g. vehicle spare parts) and IT goods (e.g. phones, chargers and batteries).
The Commission which plans to introduce new initiatives this year determined that the crossโborder nature of the trade in counterfeit goods and their online dissemination means that the Member States alone cannot combat the issue.
Therefore, the EU toolbox against counterfeiting initiative will set up the fight against counterfeiting, focusing on finding ways to improve cooperation and data sharing and encourage the use of new technologies.
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