The OECD has revealed that Italy is being hit especially hit by a rise in the number and sophistication of faked goods.
"Trade in counterfeit goods and the Italian economy estimates the total value of counterfeit and pirated Italian goods sold worldwide at over €35 billion for 2013, equivalent to 4.9% of global Italian manufacturing sales," the international trade group said.
The report also showed that high-tech electronic, electrical and optical products, followed by clothing, footwear, leather and related products, were the most popular for counterfeiting.
"This resulted in over €25 billion in lost sales by Italian companies in a year when Italy's GDP was €1.6 trillion,” the OECD said.
