(158.) See id.(discussing the current status of parallel imports
in Mexico; and recent regulations and treatment in the areas of patents, copyrights, and trademarks).
He pointed out that invariably when such cases came to light, it turned out that parallel imports
were to blame.
Price discrepancies among Member States of the European Union (EU) have resulted in a practice known as "parallel imports
," whereby individuals purchase products on the market in low-price countries, export them to high-price countries for resale at a profit, and still undercut the manufacturer's official selling price.(2) General principles of economics suggest that such actions will continue as long as the costs of transportation are less than the profit derived on resale.
In placing South Africa on the list, USTR objected not only to South Africa's authorization of compulsory licensing and parallel imports
, as well as other intellectual property policies.
purchased privately abroad and brought to the UK by their new owners are excluded.
It said the alcohol products consumed by the victims were suspected to be fake and most likely smuggled into Malaysia under the guise of parallel imports
of the original product as they were neither Malaysian products nor bottled by licensed bottlers in the country.
Global diaper majors operating in Russia may bear significant losses in the local market this year, due to a recent decision from the Russian Constitutional Court, the highest court in Russia, to legalize parallel imports
Therefore, it is the pressing need of the hour to take decisions to curb parallel imports
of cell phones.
The EU Commission's position is that parallel imports
increase price competition as the import of goods from a country with lower prices forces sellers in the country of destination to reduce prices.
Imports of same goods and services by several companies (or parallel imports
) are legally permitted, and there is no additional commission or agency fee for such imports.
In an effort to correct the situation, the auditor recommended changing the way the average wholesale price was set, revoking the licence of companies that repeatedly and without justification, refuse to take part in public competitions, prohibiting the same company from holding permits for more than one alternative drug, and simplifying procedures for importing pharmaceuticals through parallel imports
to increase competition.
Industry players had long wanted the government to crackdown on smuggling and parallel imports
. Eddy Cherfan, CEO of Cherfan, Tawil & Co.