Report on the economic cost of IPR infringement in spirits and wine sector News

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The European Union Intellectual Property Office (EUIPO) has published a report presenting the results of the economic cost of IPR infringement in the spirits and wine sector.

The report reveals that the legitimate industries lose approximately 1.3 billion EUR of revenue every year due to the presence of counterfeit spirits and wine in the EU markets, which corresponds to 3.3% of the sector’s sales, causing direct employment losses of approximately 4,800 jobs.

According to the study, the total yearly loss of government revenue (taxes, social contributions and excise duties) as a result of counterfeit products in these sectors across the EU-28 is estimated at 1.2 billion EUR.

For further information about the findings and to read the whole report, please click here.