Counterfeiting is a process of fraudulently manufacturing, altering, or distributing a product that is of lesser value than the genuine product.
Counterfeiting and piracy of both industrial and consumer goods pose a critical challenge to the European and world economies and, in the engineering industries sector, to the safety of consumers and workers. It is a serious problem for companies with implications far beyond the brand image. Counterfeiting is a criminal offence when it involves intent to defraud by passing off a counterfeit item.
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