CBP/ICE IPR Seizures, Value of Seized Goods Up in FY 2015
Intellectual property rights seizures in FY 2015 rose 25 percent to 28,865 from the previous fiscal year, Customs and Border Patrol and Immigration and Customs Enforcement statistics show. Total manufacturer's suggested retail price of the seized goods also rose about…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
8.3 percent to $1.3 billion, a CBP news release said. Increasingly, seized goods are coming through the express mode of transport, coinciding with a drop in seized cargo. China remains the primary source country for counterfeit and pirated goods, with 52 percent of all IPR seizures by MSRP, down from FY 2014, when it was 63 percent of the total MSRP value of seized goods. China's MSRP value fell to $697 million from $773 million last year. The number of seized goods originating in Hong Kong increased about 52 percent to $472 million, now at 35 percent of the seized goods. Consumer electronics/parts were 10 percent or $132 million of the MSRP of seizures in FY 2015.