The Office of the U.S. Trade Representative (USTR) recently released its annual Special 301 ReportÂ on Intellectual Property Protection and Review of Notorious Markets for Counterfeiting and Piracy. The report provides a review on the state of IP protection with U.S. trading partners around the world, and highlights certain countries on the Priority Watch List Â â€” including Algeria, Argentina, Chile, China, India, Indonesia, Russia, Saudi Arabia, Ukraine and Venezuela.
In addition to the Special 301 Report, the Review of Notorious Markets for Counterfeiting and Piracy highlights both online and physical markets engaging or facilitating in substantial counterfeiting and piracy.Â The report identified challenges in combating counterfeits on certain digital platforms Â â€” at a time when more consumers are shopping online amid COVID-19 and are at a greater risk of purchasing fake goods. The Review identified several online marketplaces, including Amazon, Shopee, Snapdeal and Taobao â€” owned by the Alibaba Group.
According to the USTR, about “an estimated 2.5 percent, or nearly half a trillion dollarsâ€™ worth, of imports worldwide are counterfeit and pirated products.â€ť
For additional information on USTRâ€™s recent IP reports, please visit USTR.gov.