Tech giant HP says it has confiscated 9m fake products in last four years
US technology giant Hewlett Packard said UAE authorities seized 1m fake printer cartridges as part of its biggest ever counterfeit goods bust.
In the last four years in collaboration with local authorities HP has conducted more than 1,000 investigations, resulting in over 800 enforcement actions in Europe, the Middle East and Africa, confiscating nearly 9m counterfeit products and components.
The raid happened in April this year, but was only disclosed this week during a press event in Qatar.
“The Middle East is a hot spot for counterfeit. It’s an area in which counterfeit products get assembled and then shipped to Europe or elsewhere,” said Tina Rose, anti-counterfeit marketing programme manager, EMEA, at HP
Since the beginning of this year 2,000 counterfeit HP products have been seized in Qatar.
“Counterfeiting poses a huge challenge to brands and business in Qatar. Counterfeiters harm manufacturers and customers by consistently undermining business standards and practices. Counterfeiting is bad news for everyone, as it dishonestly generates billions of dollars and threatens the reputations of global brands” said Rose.
The International Chamber of Commerce has indicated that the global economic and social impacts of counterfeiting and piracy will reach $1.7 trillion by 2015 and put 2.5m legitimate jobs at risk each year.