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East Africa Report - Counterfeit

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Uploaded by on Nov 23, 2009

Sophisticated, fast and organized, thats how the counterfeit industry works. Manufacturers are always working overtime, creating holograms and other anti counterfeit strategies, but the counterfeiters are almost always just one step behind, creating cheaper, almost identical copies of the original product. According to Investment Climate Facility (ICF) for Africa, member states of the East African Community last year lost $500 million in taxes as a result of trade in counterfeits, and the automotive industry is one that has suffered.

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