Gov’t seizes P8.2B worth of fake, pirated goods | Inquirer Business

Gov’t seizes P8.2B worth of fake, pirated goods

/ 05:05 AM March 06, 2018

The government seized P8.2 billion worth of counterfeit and pirated goods last year, the largest haul since 2014, the Intellectual Property Office of the Philippines (IPOPHL) said.

In a statement on Monday, IPOPHL said these fake goods were seized by various agencies under the National Committee on Intellectual Property Rights (NCIPR) last year, an increase of close to 26 percent from 2016.

Of last year’s figure, the Bureau of Customs (BOC) accounted for for more than 70 percent of goods seized or P5.8 billion.

Article continues after this advertisement

According to NCIPR data, the top counterfeit products seized were electronics, optical media, and pharmaceutical and personal care products.

FEATURED STORIES

This was a departure from the trend seen in the past two years, which saw jewelry and watches as the top counterfeited commodities.

“As this reflects the growing market demand for electronic goods and products involving public health and safety, we warn the public to be wary of counterfeiters exploiting this high demand,” said IPOPHL Director General Josephine Santiago.

Article continues after this advertisement

Based on the data submitted by NCIPR members Philippine National Police (PNP) and the National Bureau of Investigation (NBI), a total of 309 search warrants were implemented and the BOC issued 16 warrants of seizure and detention last year.

The Optical Media Board (OMB), meanwhile, conducted 2,770 inspections in 2017.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, Intellectual Property Office of the Philippines (IPOPHL)

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.