06/06/2019 (Agence Europe) – More than €60 billion is lost each year in the EU due to counterfeiting in 11 key economic sectors, according to a joint study by the European Patent Office (EPO) and the EU Intellectual Property Office (EUIPO), published on Thursday 6 June. Some 6.8% of EU imports, or €121 billion per year, are counterfeit. The analysis also shows that total losses amount to 7.4% of total sales in the cosmetics, clothing, toys, jewellery, music, wine and spirits sectors. These losses are reportedly equivalent to the scrapping of 468,000 jobs, according to the two organisations, which note that the Internet remains the first platform for counterfeiters. For the full study: https://bit.ly/2M1wPd7 (PH)