Overcoming the challenges of fighting organized crime networks involved in industrial scale illicit trade and counterfeiting, international partnerships recently led to 6,000 arrests and the seizure of 24 million fake goods worth nearly $133 million US dollars during INTERPOL-led operations codenamed “Black Poseidon II” (Europe), “Etosha” (Africa), “Hurricane” (Asia), and “Pacific” (the Americas) in May and June. Seized goods included fake consumer electronics, DVDs, mobile phones, tobacco, and cooking oil.
More recently, the US and China announced the results of their first joint intellectual property operation resulting in the seizure of 243,000 counterfeit electronic products, including popular brands such as Apple, Beats by Dr. Dre, Samsung, Sony, and UL. The successful operation fulfilled the commitment by both countries to produce tangible IPR enforcement results and the countries committed to further joint operations.
The International Chamber of Commerce expects the value of counterfeit goods globally to exceed $1.7 trillion by 2015.