Politics Plus Where China leads, India must not follow
Tuesday, May 24, 2022
  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
SUBSCRIBE
No Result
View All Result
Organiser
  • ‌
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Sports
  • Business
  • More
    • RSS in News
    • Special Report
    • Culture
    • Sci & Tech
    • Entertainment
    • Education
    • Books
    • Interviews
    • Travel
    • Health
    • Obituary
No Result
View All Result
Organiser
No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Opinion
  • Analysis
  • Culture
  • Defence
  • RSS in News
  • Subscribe
Home General

Politics Plus Where China leads, India must not follow

Archive Manager by Archive Manager
Feb 27, 2005, 12:00 am IST
in General
Jeay Sindh Freedom Movement chairman Sohail Abro

Jeay Sindh Freedom Movement chairman Sohail Abro

Share on FacebookShare on TwitterTelegramEmail

P
From INEP

China is well ahead of India in at least one sector of international trade, but Indian exporters would be well advised to stay away from it. It is the trade in counterfeit and pirated goods-imitation watches sporting the Rolex brand name, ready-to-wear garments bearing a fake Ralph Lauren label and trainers with the Nike logo prominently displayed.

Trade in such products is big business and Asian countries are among the leading suppliers. China accounted for 60 per cent of the counterfeit goods entering the 15-nation European Union (EU) and their seizure by Customs authorities in 2003, the latest full year for which the EU has statistics.

India is so far down the list that it hardly figures. It accounted for 8 per cent of ?other goods? seized by Customs, as compared to 55 per cent in the case of China and Hong Kong. Thailand is another country from which a high proportion of counterfeit and pirated goods originate. Nearly 30 per cent of the cases registered by EU Customs authorities in 2003 related to goods shipped from Thailand, as against 18 per cent in the case of China and 3 per cent of Pakistan.

The new EU-China agreement on Customs cooperation is seen here as an important step in the fight against fraud and counterfeit. The EU notes, however, that the country from which goods are shipped may not necessarily be the real country of origin.

Trade in counterfeit goods obviously is at the expense of the companies whose brand names and copyright are being illegally used.

But its victims include exporters of legally produced goods. If you buy a fake Lacoste T-shirt, you?re not in the market for the genuine article, or for even a good quality but a branded T-shirt.

EU Customs authorities seized nearly four million items of counterfeit clothing (sportswear and ready-to-wear garments) and accessories (bags, sunglasses, etc.) in 2003. The figure rose to almost 5 million during the first nine months of the last year.

Clothing and accessories accounted for just over 60 per cent of the cases registered by Customs authorities during the first nine months of 2004. CDs (audio, games, software, DVD, etc.) accounted for 14 per cent, watches and jewellery for 9 per cent and ?other goods? for nearly 7 per cent.

The most detailed statistics do not reveal what proportions of counterfeit and pirated goods are getting past the Customs-on traveller'swrists, for example. The Paris-based International Chamber of Commerce stated in 1997 that counterfeit goods accounted for 5 to 7 per cent of world trade. The World Economic Forum put the cost of counterfeit and piracy at 450 billion euro (one euro is worth approx. Rs 56).

(The India News in Europe Programme (INEP) is a news service providing news, information and in-depth coverage for Indian media from Brussels. The material is free for use but a credit line to INEP is desired.)

ShareTweetSendShareSend
Previous News

World Social Forum for double talk

Next News

A tale of two temples

Related News

Jammu Kashmir Police busts JeM terror module in Awantipora, 8 arrested

Jammu Kashmir Police busts JeM terror module in Awantipora, 8 arrested

PM Modi departs for home after productive Quad summit in Japan

PM Modi departs for home after productive Quad summit in Japan

Prime Minister Narendra Modi to lead Mass Yoga Demonstration at Mysore on 8th International Day of Yoga

Prime Minister Narendra Modi to lead Mass Yoga Demonstration at Mysore on 8th International Day of Yoga

Assam: CM Himanta Biswa Sarma visits Dima Hasao; reviews situation and assured aid

Assam: CM Himanta Biswa Sarma visits Dima Hasao; reviews situation and assured aid

Saiyyad Salar Masud (“Ghazi Miyan”): The Fanatic Who Was Defeated and Killed By Maharaja Suheldev

Saiyyad Salar Masud (“Ghazi Miyan”): The Fanatic Who Was Defeated and Killed By Maharaja Suheldev

BJP slams Rahul Gandhi over meeting with UK leader Jeremy Corbyn known for his ‘anti-India’ stance

BJP slams Rahul Gandhi over meeting with UK leader Jeremy Corbyn known for his ‘anti-India’ stance

Comments

The comments posted here/below/in the given space are not on behalf of Organiser. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Latest News

Jammu Kashmir Police busts JeM terror module in Awantipora, 8 arrested

Jammu Kashmir Police busts JeM terror module in Awantipora, 8 arrested

PM Modi departs for home after productive Quad summit in Japan

PM Modi departs for home after productive Quad summit in Japan

Prime Minister Narendra Modi to lead Mass Yoga Demonstration at Mysore on 8th International Day of Yoga

Prime Minister Narendra Modi to lead Mass Yoga Demonstration at Mysore on 8th International Day of Yoga

Assam: CM Himanta Biswa Sarma visits Dima Hasao; reviews situation and assured aid

Assam: CM Himanta Biswa Sarma visits Dima Hasao; reviews situation and assured aid

Saiyyad Salar Masud (“Ghazi Miyan”): The Fanatic Who Was Defeated and Killed By Maharaja Suheldev

Saiyyad Salar Masud (“Ghazi Miyan”): The Fanatic Who Was Defeated and Killed By Maharaja Suheldev

BJP slams Rahul Gandhi over meeting with UK leader Jeremy Corbyn known for his ‘anti-India’ stance

BJP slams Rahul Gandhi over meeting with UK leader Jeremy Corbyn known for his ‘anti-India’ stance

Jammu and Kashmir: Cop succumbs to injuries in terrorist firing; Daughter injured

Jammu and Kashmir: Cop succumbs to injuries in terrorist firing; Daughter injured

Arunachal Pradesh: Union Home Minister Amit Shah lays foundation stone of 51 feet Lord Parshuram statue in Lohit

Arunachal Pradesh: Union Home Minister Amit Shah lays foundation stone of 51 feet Lord Parshuram statue in Lohit

Returning to Bhartiya Roots

Returning to Bhartiya Roots

Shree Jagannath Heritage Corridor project is a grave threat to the temple security, must stop immediately

Controversy Around Jagannath Temple Corridor Project Refuses To Die, Intensifying Day By Day

  • Circulation
  • Advertise
  • About Us
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies

No Result
View All Result
  • Home
  • Bharat
  • World
  • Editorial
  • Analysis
  • Opinion
  • Defence
  • Culture
  • Sports
  • Business
  • RSS in News
  • Special Report
  • Sci & Tech
  • Entertainment
  • Education
  • Books
  • Interviews
  • Travel
  • Health
  • Obituary
  • Subscribe
  • About Us
  • Advertise
  • Circulation
  • Contact Us
  • Privacy Policy

© Bharat Prakashan (Delhi) Limited.
Tech-enabled by Ananthapuri Technologies