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Financial Times obtained an executive summary of a new report produced by Organisation for Economic Co-operation and Development (OECD) that estimates the trade losses due to piracy and counterfeiting did not exceed 200 billion USD.
The report should be endorsed by the OECD board this month and is considered politically sensitive, taking into account that the estimates from the industry show figures up to 3-4 times higher than the OECD estimates based on reported customs seizures in various countries.
The efforts of the international business lobbists, that have pushed for Germany to put the fight against counterfeiting on the next G8 summit agenda, could be undermined by this new report. This is why the International Chamber of Commerce Secretary General quickly reacted by considering the OECD figures as "underestimated" and said that "up to 1 000 billion USD in international trade was lost annually" to piracy and counterfeiting.
Forgery trade losses 'under $200bn' (7.05.2007)
http://www.ft.com/cms/s/acbd064c-fcb9-11db-9971-000b5df10621.html