Counterfeit Products Remain Popular
With counterfeit goods costing a fraction of the price of the originals, less than half of respondents, 48% felt any guilt in purchasing them. Products that would normally be out of the financial reach of most people can be bought cheaply from many outlets with many bearing a strong likeness to the original items.
The dean of the university’s law department, Anraya Singsangob said, “Forty per cent of respondents said piracy was widespread in
According a study by the Counterfeiting Intelligence Bureau of the International Chamber of Commerce, counterfeit goods make up 5 to 7 % of World Trade. Louis Vuitton, Chanel, Gucci, Lacoste, and Rolex are among the most popular copied brands.
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