So you think you know about black market trade? Here are some myths, debunked | Malay Mail

Tuesday, 14 Jul 2020 08:07 PM MYTKUALA LUMPUR, July 14 — The global trade in counterfeit and pirated goods is a thriving one, rising from US$461 billion in 2013 to US$509 billion in 2016 according to the Organisation for Economic Co-operation and Development and European Union Intellectual Property Office.

The Consumer Choice Center , a global consumer advocacy group, today urged Malaysian consumers to reject all black market goods. “The majority of online shoppers do not understand the levels of fraud on the internet, nor do they have the software to detect or avoid it. Most think they are just getting a good deal,” he said.

“Let’s take illegal cigarette trade as an example. The trade has mushroomed in Malaysia after a significant increase in excise duty in 2015. He added that convenience and easy access are also contributing factors. Malaysian law prohibits legitimate cigarettes from being sold online which helps to encourage consumers to turn to illegal cigarettes.

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