15 February 2007 | Antony Barton
Governments must clamp down on fake goods, according to business leaders.
Speakers at an anti-counterfeit congress in Geneva, attended by CEOs and government representatives from around the world, called for more resources and greater control over efforts to tackle the problem. They also stressed the importance of joint public and private sector partnerships to combat fake goods.
Over 700 delegates attended the third Global Congress on Combating Counterfeiting and Piracy, hosted by the World Intellectual Property Organisation.
Peter Brabeck-Letmathe (pictured), chairman and CEO of food manufacturer Nestlé, said: "Not only does unfair competition from counterfeiting and piracy drain billions annually from the 'virtuous circle' of economic growth that intellectual property generates, but we are particularly concerned about the risks for consumers from unsafe fake products."
A recent survey from the International Chamber of Commerce revealed most firms believed enforcing existing legislation was the best way to tackle the problem.
Last month, SM
reported on the increasing cases of fake drugs and the estimated £30 million of counterfeit electricals that reach the UK each year.