Volume 95 Issue 8 | p. 16 | News of The Week
Issue Date: February 20, 2017

Counterfeit pesticides damage EU economy

Intellectual property report shows lost revenue and jobs
By Glenn Hess, special to C&EN
Department: Government & Policy
Keywords: intellectual property, European, Union, counterfeit, pesticides, job, loss, sales

The sale of counterfeit pesticides is costing European agrochemical producers about $1.4 billion (€1.3 billion) each year in lost revenue, according to a new study by the European Union Intellectual Property Office (EUIPO).

This equates to a loss of almost 14% of revenues and about 2,600 jobs in the EU because legitimate manufacturers employ fewer people than they would if not for competition from . . .

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