The
International Anti-Counterfeiting Coalition said in 2012 that it was "a $600 billion a year problem.
In May this year, the
International Anti-Counterfeiting Coalition (IACC) (http://www.ibtimes.com/anti-counterfeiting-group-suspends-alibabas-membership-2368863) suspended Alibaba's membership after major luxury brands like Gucci, Michael Kors and Tiffany & Co.
Alibaba joined the U.S.-based, non-profit organization
International Anti-Counterfeiting Coalition (IACC) in April, becoming the first e-commerce company to join the coalition, which has over 250 member companies across the world.
The
International Anti-Counterfeiting Coalition, a lobbying group, estimates that almost 600 billion U.S.
"Unfortunately," the organization's recent report says, "we also know that those represent only a small percentage of the total market for counterfeit goods" (
International Anti-Counterfeiting Coalition 2011).
The
International Anti-Counterfeiting Coalition estimated it hat the volume of world trade in fakes could reach between 5% and 7% (
International Anti-Counterfeiting Coalition, 2013).
For example, PSM has both branded and generic pharmaceutical manufacturers (that is, the Pharmaceutical Research and Manufacturers of America and the Generic Pharmaceutical Association), patient groups (such as the ALS Association and the National Alliance on Mental Illness), pharmacists (like the National Community Pharmacists Association and the American Pharmacists Association), academics (including the University of Texas College of Pharmacy and the Institute of Health Law Studies at California Western School of Law) and leaders in the global fight against counterfeit drugs (such as the National Association of Boards of Pharmacy and
International Anti-Counterfeiting Coalition), just to name a handful.
It is estimated that counterfeiting costs $600 billion a year globally, according to the
International Anti-Counterfeiting Coalition (IACC).
(121) OCID investigators work closely with federal and state law enforcement agencies as well as private organizations, such as the
International Anti-Counterfeiting Coalition and private companies, to fight counterfeiting in New York City.
It's a problem so large that Fortune 500 companies spend anywhere from $2 million to $10 million per year to combat it, according to an
International Anti-Counterfeiting Coalition study.
Such groups include the
International Anti-Counterfeiting Coalition (Washington D.C.), the Anti-Counterfeiting Group (London, England) or other industry groups.
Participating in the
International Anti-Counterfeiting Coalition and lobbying for stronger domestic and international legislation can benefit a company financially and help curtail counterfeiting.
