The global impact of piracy and counterfeiting will hit $4.2 trillion by 2022, according to a report released at INTA’s 2017 Anticounterfeiting Conference in Hong Kong commissioned by the International Trademark Association (INTA).
Released on February 6, “The economic impacts of counterfeiting and piracy” analysed the scale of such infringement to identify and understand the size of the problem, in order to inform policymakers so they can target resources to combat the problems.
Taken together with estimates on the wider social and economic problems which could reach an estimated $1.9 trillion by 2022, the negative impacts are projected to drain $4.2 trillion from the economy and put 5.4 million legitimate jobs at risk.

Source: WIPO