– More than half of steel companies operating in the Middle East and North Africa (MENA) market have reported counterfeit cases, a new study has revealed.
The global fake footwear market accounts for over $1tn a year and, while some consumers feel that buying fake designer goods is a victimless crime, there is some evidence showing that fake products, such as shoes and handbags, support child labour and can be used to fund terrorism.
Currently, the toy market is being flooded with counterfeit toys by the criminal underworld. The problem is not the fact that they are getting really good at producing these fakes, but more the dangers these toys pose.
Parents have been warned about the potential dangers of buying cheap toys for their children, and have been told to be vigilant after tests of seized items showed some contained high levels of phthalates believed to increase risk of developing cancer. “It is frightening to think that large quantities of phthalates are still being used in children’s toys, especially when it can cause such serious long-term consequences to a person’s health,” said Robert Chantry-Price, a lead officer for product safety at the CTSI (Chartered Trading Standards Institute).