The following is excerpted from a 5 June 2012 news release by the World Trade Organization.
Some developed and advanced developing countries said they consider counterfeiting to be one of the most serious problems to be discussed by the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) because of the economic loss and because the products can be dangerously sub-standard.
They cited the scale of the problem and the changing nature of counterfeit trade, which includes the growth of Internet-based trade leading to a larger number of smaller shipments marked as “personal goods”.
This release is available in its entirety at:
http://www.wto.org/english/news_e/news12_e/trip_05jun12_e.htm