A new report from the Office for Harmonization in the Internal Market (OHIM), reveals that 12.3% of sales in the EU toys and games sector is lost due to counterfeiting.
The study, released through the European Observatory on Infringements of Intellectual Property Rights, entrusted to OHIM, also assesses the indirect effects of the counterfeit trade such as job losses.
The findings of the report highlight how important it is to make sure intellectual property rights are protected and well enforced. This is especially true for the Small and Medium-sized Enterprises (SMEs) who represent 99% of the sector, and who often do not have sufficient resources to take action against infringement.
Further information along with the full text of the report is available here.