No Faking It With YPB

Fakes are big business. The International Chamber of Commerce (ICC) estimates that the global cost of counterfeit trade reached US$1.7 trillion last year. According to the World Customs Organisation (WCO), 7 per cent of total world trade is counterfeit, worth an estimated US$600 billion a year. Research firm estimates that the value of the global counterfeit industry by product is currently US$641 billion, with pharmaceuticals accounting for almost one-third of the value.

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