| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/03/1569 (19.11.03) |
| Publication Date | 19/11/2003 |
| Content Type | News |
|
The European Commission's Joint Research Centre (JRC) has developed technical devices that support the fight against falsification and illegal trafficking. Using sophisticated technologies, originally devised for nuclear safeguards, the Commission has invented and tested prototypes and applications for the identification of watches and for the sealing of cargo containers. These include radio transponders embedded in watches, ultrasonic identification of particular markings in watches, and electronic seals of cargo shipments using multiple radio transponders. Counterfeiting, piracy and illegal trafficking affect between 5% and 7% of world trade. The forgery business accounts for a €450 million turnover per year worldwide, 60% of which occurs in EU countries. With a 5% share, forged watches represent one of the most affected sectors. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/03/1569&format=HTML&rapid=0&language=EN&guiLanguage=en&display= |
| Related Links |
|
| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
