The economic cost of IPR infringement in the Pesticides Sector

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The European Union Intellectual Property Office (EUIPO), through the European Observatory on Infringements of Intellectual Property Rights, has just published a study on the economic impact of counterfeit pesticides in the European Union marketplace and the wider costs for businesses, governments and society as a whole.

This report shows that 13.8% of legitimate revenues are lost each year due to counterfeiting of pesticides in the EU-28.

Those lost sales translate into 2,600 jobs directly lost across the pesticides sector in the EU, as legitimate manufacturers employ fewer people than they would have done in the absence of counterfeiting.

The full text of the report is available here.