Counterfeiting: a real danger for consumers and the economy

World Anti-Counterfeiting Day, celebrated on June 7, 2023, sheds light on a phenomenon that poses a real danger to consumers. Contrary to popular belief, counterfeiting is not limited to luxury brands but also affects small businesses in various sectors. It is important to highlight the true costs of counterfeiting, both in terms of employment and the state budget, while emphasizing the risks to consumer health and safety.

Counterfeiting generates considerable economic costs. According to the European Union Intellectual Property Office (EUIPO), it leads to a loss of 38,000 jobs in France. Companies victimized by counterfeiting find themselves weakened, jeopardizing the creation of sustainable jobs. This phenomenon spares no sector, which explains the numerous intervention requests received by French customs from businesses of different sizes.

In addition to the impact on employment, counterfeiting has a direct impact on public finances. Tax losses are estimated at 2 billion euros, a sum that could have been invested in essential public services such as schools, hospitals, and infrastructure. Thus, counterfeiting is not limited to harming businesses but also affects the well-being of society as a whole.

One of the most concerning aspects of counterfeiting is its impact on consumer health and safety. Counterfeit products are often of poor or even dangerous quality.

Counterfeit manufacturers prioritize maximum profit margins, compromising the quality and safety of products. For example, counterfeit medicines may contain improperly dosed or non-existent active ingredients, thus endangering patients’ health.

Similarly, counterfeit automotive parts can lead to premature wear and compromise road safety. The list of counterfeit products does not end there. Baby products, such as strollers, toys that do not meet safety standards, cosmetics containing low-quality or regulation-prohibited ingredients, as well as defective electronic components, all pose serious risks to consumers.

It is therefore essential to remain vigilant to avoid even unintentional counterfeits.