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Wannabe EU Member Turkey second in world for counterfeit product volume. (TZ).
The total volume of counterfeit or pirated products in the Turkish market is worth $10.8 billion, making it the second largest in the world after China, the Cihan news agency reported on Tuesday.
A recent report published by the Business Action to Stop Counterfeiting and Piracy (BASCAP), an initiative of the International Chamber of Commerce, has indicated that the aforementioned number does not include smuggled fuel and tobacco products, which have a total market value of approximately $10 billion. Therefore, Cihan noted, the total figure for all fake and smuggled goods stands above $20 billion.
Fake products sold in the Turkish market include foods produced with counterfeit ingredients, beverages, pharmaceuticals, electronics, auto parts and household products, as well as unauthorized copies of music, video and software. Hmmm....And those 'Geniuses' from the European parliament want this as a member, goodbye businesses and economy. Read the full story here.
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