One in every 10 Europeans duped into buying counterfeit products: Study
A study by the EU's intellectual property office (EUIPO) revealed one in every 10 Europeans has been deceived into buying counterfeit products. Many consumers struggle to differentiate between authentic and fake products. Counterfeit products account for 6.8% of European Union’s imports and are worth USD147 billion. However, the percentage varies as per countries like 12% in Spain, 9% in France, and 2% in Switzerland.