A new report shows consumers spent $461 billion globally on counterfeit and pirated goods.
The report says that type of illegal trade continues to grow. Counterfeit and Pirated goods are illegally-made copies of products, they are made and sold without the permission of the owner. Intellectual property rights, such as copyrights and patents, are forms of ownership that can be difficult to enforce in international trade. Counterfeit goods can travel through many countries before they reach the place where they are sold.