Estimated Market of Counterfeits in Colombia

in Business Risk, Counterfeit Goods

The market in counterfeit goods in Colombia is estimated to be worth between $4 Billion to $5 Billion a year.

Up to 12 million pairs of counterfeit or fake shoes from China enter Colombia each year.

One out of ever two bottles of alcohol sold in the Northern Antioquia province was counterfeit.

Source:  Hannah Stone, “Colombia Sees Flood of Pirated Chinese Shoes,” Insight, April 17, 2012.

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