Abstract
The sale of counterfeit pesticides is costing European agrochemical producers about $1.4 billion (€1.3 billion) each year in lost revenue, according to a new study by the European Union Intellectual Property Office (EUIPO). This equates to a loss of almost 14% of revenues and about 2,600 jobs in the EU because legitimate manufacturers employ fewer people than they would if not for competition from fake pesticides. “Counterfeiting can affect every economic sector, and the pesticide manufacturing industry, which includes a large number of small and medium enterprises, is no exception,” says EUIPO Executive Director Antonio Campinos. The counterfeit pesticides enter the market primarily via smuggling. In the 28-member-nation EU bloc, Germany, France, and Italy have suffered the most in lost sales, according to the report. Germany, the largest producer of pesticides in Europe, loses an estimated $316 million (€299 million) in annual sales and 500 jobs because of counterfeiting. The
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