The US on Thursday identified Tank Road in Delhi as one of the most notorious markets promoting counterfeit merchandise inside the world and implored India to take sustained and coordinated enforcement movement.
The US Notorious Markets List highlights 33 online and 25 bodily markets that reportedly engage in and facilitate copyright piracy and trademark counterfeiting. “Tank Road stayed on the List in 2018. Stakeholders verify that it stays a market promoting counterfeit products, such as clothing and shoes,” US Trade Representative (USTR) stated in a document on Notorious Markets List
Counterfeit merchandise from Tank Road wholesalers is reportedly provided to other Indian markets, together with Gaffar Market and Ajmal Khan Road, it said.
These wholesalers seem to operate freely, letting them build well-installed corporations over a few years, the USTR said.
“This activity harms the American economy via undermining the innovation and highbrow assets rights of US IP owners in foreign markets. An envisioned 2. Five percent, or nearly half of a trillion dollars’ worth, of global imports are counterfeit and pirated products,” it stated.
The USTR entreated India to take sustained and coordinated enforcement movement at the Tank Road market in Karol Bagh, formerly-indexed markets, and several non-listed markets in its territory.
The 2018 Notorious Markets List focuses on distributing pirated content and counterfeit items online.