Food: counterfeiting cost 4bln a year

Says at Expo president Confagricoltura Guidi

09 September, 14:22

    (ANSAmed) - MILAN, SEPTEMBER 9 - Each year fake food products and tobacco smuggling cost the legal market four billion euros and over 20,000 jobs in Italy, according to Confagricoltura. The alarm was raised at a congress organized at Milan Expo 2015 together with the Open foundation.

    ''Buying counterfeited or smuggled products means not only consuming things that can damage health, but also causing economic damage to the country in terms of loss of revenue and employment, as well as to the productive system in general''.

    According to a Format survey for the ministry for economic development, said the president of Confagricoltura Mario Guidi, out of 100 food firms with over 10 employees, almost one in two companies (41.8%) has seen at least one of their products counterfeited in Italy. The phenomenon grows in companies with at least 250 employees: three-fourths say they have been victims of counterfeiting. (ANSAmed).

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