Trade is essential for economic growth, job creation, and wealth generation. It fuels investments and production, both for domestic and international markets. A country’s success in delivering products globally not only attracts investors but also ensures sustainable economic development. However, this success is increasingly threatened by illicit trade, which compromises the integrity of genuine products and brands.
The Growing Threat of Illicit Trade
According to the Global Brand and Counterfeiting Report (2018), illicit trade was valued at approximately USD 1.2 trillion in 2017, with projections suggesting it could reach USD 1.8 trillion if left unchecked. This alarming trend is supported by findings from the OECD, EUIPO, World Customs Organization, and the United States Chambers of Commerce, highlighting the urgent need for effective brand protection.
The Impact of Counterfeit and Piracy
Counterfeiting and piracy are major forms of illicit trade that undermine brand value and market integrity. According to the OECD/EUIPO (2016), these activities infringe on Intellectual Property Rights (IPR), including:
- Trademarks
- Patents
- Designs
- Utility Models
Piracy specifically targets copyrights, further complicating the protection of creative and innovative assets. Beyond these, illicit trade spans a broader spectrum, including violations of customs, environmental, and public health laws.
Protecting Your Brand with Expert Solutions
At Topmax Consultants Limited (TCL), we recognize the severe threat posed by illicit trade and counterfeit products. Our team of highly experienced professionals is dedicated to combating these issues with a forensic approach. We collect and analyze evidence to ensure it withstands judicial scrutiny, leading to successful convictions against infringers.
Our brand protection services include:
- Investigation of counterfeit and piracy cases
- Forensic analysis to support legal actions
- Tailored solutions to safeguard your brand
Contact Us for Comprehensive Brand Protection
If you’re concerned about the impact of illicit trade on your business, contact us for a robust, customized solution to protect your brand from unfair trade practices. Let us help you maintain your market position and defend against the threat of counterfeit and piracy.