Black Market Fashion by Borrow the
The argument used to be whether buying knock offs was a fashion faux pas, but the issue has evolved and expanded. It's no longer about lost profits or maintaining the brand's image; it's about the protection of human rights and intellectual property.
Although purchasing knocks offs is not illegal, counterfeiting itself is illegal and purchasing counterfeit products supports illegal activity. According to the International Anti Counterfeit Coalition, counterfeiting costs U.S. businesses $200 billion to $250 billion annually. Counterfeiters do not pay taxes which means less money for your city's schools, hospitals, parks and other social programs. The IACC also states that counterfeit merchandise is directly responsible for the loss of more than 750,000 American jobs.
Unfortunately, approximately 5%-7% of the world trade is
in counterfeit goods, which results in U.S. companies
suffering $9 billion in trade losses due to international
copyright piracy. Counterfeiting also poses a threat to
global health and safety because merchandise does not meet
federal safety regulations.
Counterfeiting runs rampant because it is fueled by
consumer demand, so do your part and educate others about
the impact of buying knock offs. Of course you should avoid
buying knock-offs yourself, but if you do find yourself
wondering whether that $20 "Hermes" scarf is the real deal
remember the basics:
For more information check out these resources:
The above article was provided to Apparel Search by Borrow the Catwalk.
International AntiCounterfeiting Coalition : The touchstone of the IACC's mission is to combat counterfeiting and piracy by promoting laws, regulations and directives designed to render the theft of intellectual property undesirable and unprofitable. The IACC serves as an umbrella organization, offering anti-counterfeiting programs designed to increase protection for patents, trademarks, copyrights, service marks, trade dress and trade secrets.
Learn about the Anit-counterfeiting Trade Agreement
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