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International

Product, brand piracy cost German manufacturers $9 billion: Survey

April 25, 2018 Reprints

A survey by German engineering association VDMA found that product and brand piracy cost local manufacturers nearly $9 billion in 2017, Reuters reported. The Verband Deutscher Maschinen und Anlagenbau said that piracy affected more than 70% of companies. The survey found that China was both the largest manufacturer and the largest market for counterfeit products.

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Product, brand piracy cost German manufacturers $9 billion: Survey

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