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Europe Daily Bulletin No. 11601

27 July 2016
SECTORAL POLICIES / (ae) internal market
EUIPO says counterfeit wine and spirits cause hefty losses to industry

Brussels, 26/07/2016 (Agence Europe) - The cost of infringements of intellectual property rights from counterfeit wines and spirits is considerable, explains a report published on Tuesday 26 July by the new EU office for intellectual property (EUIPO).

The report shows that each year, around 4.4% of sales of spirits and 2.3% of sales of wine are lost, which has the direct impact of the loss of around 1,800 jobs in the sector anticipating losses due to counterfeiting. Globally, around 18,500...