Three Indian markets in three cities, three on-line markets determine in Notorious Markets List of US
Three Indian markets in three cities, together with one in New Delhi, and three on-line markets have figured within the annual infamous market checklist of the US Trade Representatives launched on January 30, by which China continues on the primary spot.
The 2023 Notorious Markets List identifies 39 on-line markets and 33 bodily markets which can be reported to interact in or facilitate substantial trademark counterfeiting or copyright piracy. Heera Panna market in Mumbai, Tank Road market in Karol Bagh in New Delhi, and Sadar Patrappa Road market in Bengaluru are named on the checklist. Among the net Indian markets that determine within the checklist are IndiaMart, Vegamovies, and WHMCS Smarters.
“The trade in counterfeit and pirated goods harms workers, consumers, and small businesses, and ultimately hurts the US economy,” stated US Trade Representative Katherine Tai. “This year’s Notorious Markets List is significant because it underscores the potential dangers of counterfeit goods and why robust enforcement to combat trade in these goods is important to growing our economy from the middle out and the bottom up,” she stated.
The recognized 39 on-line markets and 33 bodily markets are reported to interact in or facilitate substantial trademark counterfeiting or copyright piracy, The 2023 Notorious Markets List stated. This consists of persevering with to establish the China-based e-commerce and social commerce markets Taobao, WeChat, DHGate, and Pinduoduo, in addition to the cloud storage service Baidu Wangpan. Other listed markets embody seven bodily markets in China recognized for the manufacture, distribution, and sale of counterfeit items.
USTR first recognized infamous markets within the Special 301 Report in 2006. Since February 2011, USTR has printed yearly the Notorious Markets List individually from the Special 301 Report, to extend public consciousness and assist market operators and governments prioritize mental property enforcement efforts that shield US staff and companies.
China is the most important supply of counterfeit merchandise
The report says that China continues to be the primary supply of counterfeit merchandise on the planet. Counterfeit and pirated items from China, along with trans-shipped items from China to Hong Kong, accounted for 60 per cent of the worth (measured by producer’s steered retail value) of counterfeit and pirated items seized by US Customs and Border Protection (CBP) in 2022.
With the tip of Covid-19 restrictions, bodily markets have skilled elevated foot site visitors and the return of counterfeit gross sales. Furthermore, sellers of counterfeit merchandise proceed to make use of their brick-and-mortar storefronts as factors of contact for purchasers, websites for “sample/product testing,” and centres for fulfilment of on-line gross sales. Enforcement authorities focusing on counterfeit items on-line typically uncover hyperlinks to distributors with a presence in bodily markets.
“USTR encourages China to modify and expand the scope of robust enforcement actions to respond to the changing nature of counterfeit sales at physical markets, with a special focus on the following key markets,” stated the report.