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Global counterfeiting expected to reach $2.8 trillion by 2022: report

The counterfeit market is expected to reach $2.8 trillion by 2022. Image courtesy of Entrupy The counterfeit market is expected to reach $2.8 trillion by 2022. Image courtesy of Entrupy

 

Global counterfeiting is a growing problem. International trade of counterfeit goods reached around $991 billion and U.S. domestically produced and consumed counterfeit goods hit $959 billion.