Designed to defraud and deceive, counterfeit products pose a threat to European citizens and the European economy. Counterfeits’ inferior quality raises significant health and safety concerns, and their fraudulent business model puts thousands of jobs in jeopardy. In an interview with E&I Magazine, European Commission Vice-President Antonio Tajani discusses the Commission’s EU-wide anti-counterfeit campaign and why fake products require real action.
In the summertime, Europe’s waters come to life with several million motor boats, sail boats, jet skis and other recreational crafts. These tourist favourites are set to become safer and cleaner, with new legislation making the use of such crafts less harmful to the environment. This, in turn, will make European craft more attractive to external markets.
While counterfeit items weaken the EU economy, they strengthen organised crime. Because these products are illegal, they are underpinned by a black market that weaves through different countries and sometimes even different continents. While purchasing a counterfeit might seem innocent enough, supporting these products indirectly supports crime.