10/06/2020 (Agence Europe) – According to a report by the European Union Intellectual Property Office (EUIPO) published on Wednesday 10 June, EU Member States lose about €15 billion in tax revenue each year as a result of counterfeiting. According to the report, this problem is costing sectors such as cosmetics, personal care, wine and spirits, pharmaceuticals and toys and games sectors €19 billion in sales every year. The report states that the largest increase in this phenomenon has been in the cosmetics sector, with an increase in losses of €2.5 billion in a year. EUIPO states that counterfeiting activity poses significant health and safety risks to consumers and also fuels large-scale international crime. To read the EUIPO report, go to: https://bit.ly/2AdXnad - To read the report published jointly with Europol, go to: https://bit.ly/3dR2RGb (PH)