According to the Organisation for Economic Co-operation and Development (OECD), at least 63 percent of the world’s fake goods originate from China. Nevertheless, some nations across Southeast Asia are also infamous for producing, trading and trafficking counterfeit products. Some of these countries include ASEAN member states Singapore, Thailand, Vietnam and Cambodia.
Product counterfeiting is a form of consumer fraud: a product is sold, purporting to be something that it is not. In recent years, counterfeiting has reached an alarming rate, causing huge revenue losses to governments across the region.
If you were to walk along popular night markets in some of the cities or larger towns in Cambodia or Thailand, chances are you will come across counterfeit versions of products from international brands such as Louis Vuitton, Nike, Ray Ban, and even medicines, among others.