Rome

Trade in fake products costs 110,000 Italian jobs

Consumers buy counterfeit clothing, cosmetics, CDs

Trade in fake products costs 110,000 Italian jobs

Rome, October 22 - Almost seven billion euros worth of counterfeit goods are sold in Italy each year and this illegal trade costs 110,000 legitimate jobs, a government report said Monday. Fake brand-name clothing and accessories are the most popular counterfeit goods sold on a 6.9-billion-euro market that is so extensive there is hardly a product that cannot be copied, said the report by the industry ministry and research institute Censis. Counterfeit cosmetic sales are on the rise, having increased 15 fold over the past decade, while fake CDs, DVDs, computer software and foodstuffs are also top sellers. Censis found that most consumers are "indifferent" to moral qualms about buying counterfeit products that also include jewelry, toys and even medication. It said that if the counterfeit goods were produced and sold legitimately, tax revenues would increase by 4.6 billion euros.

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