The problem of stealing or illegally taking an idea or product design and passing it off or selling it as your own. Counterfeiting, or product piracy, in 2005 accounted for approximately $600 billion in lost revenue globally. It also accounts for the loss of more than 750,000 American jobs according to U.S. Customs and Border Protection. Designers Coco Chanel and Madeleine Vionnet were quite successful in bringing copyists to justice beginning in the nineteenth century. However, it was not until the twenty-first century that designers, especially those in the luxury category such as Chanel, Gucci, Hermès, Prada, and Louis Vuitton have aggressively pursued and won huge settlements against counterfeiters. The United States has joined forces with the European Union to combat counterfeiting at their borders by sharing customs data and reporting intellectual property theft violations. They are also calling for cooperation among emerging markets, such as China and Russia, to boost enforcement efforts through the World Trade Organization (WTO). In France, the luxury-goods trade association Comité Colbert continues to advocate for stricter anticounterfeit laws.

Historical Dictionary of the Fashion Industry. .

Look at other dictionaries:

  • counterfeiting — index forgery Burton s Legal Thesaurus. William C. Burton. 2006 counterfeiting …   Law dictionary

  • counterfeiting — UK US /ˈkaʊntəˌfɪtɪŋ/ noun [U] ► the activity of making illegal copies of things such as bank notes, DVDs, or official documents: »allegations of counterfeiting and money laundering »the growing problem of counterfeiting and piracy …   Financial and business terms

  • counterfeiting — noun [noncount] He was sent to jail for counterfeiting. • • • Main Entry: ↑counterfeit …   Useful english dictionary

  • counterfeiting — Crime of making an unauthorized imitation of a genuine article, typically money, with the intent to deceive or defraud. Because of the value conferred on money and the high level of technical skill required to imitate it, counterfeiting is… …   Universalium

  • Counterfeiting — Counterfeit Coun ter*feit, v. t. [imp. & p. p. {Counterfeited}; p. pr. & vb. n. {Counterfeiting}.] 1. To imitate, or put on a semblance of; to mimic; as, to counterfeit the voice of another person. [1913 Webster] Full well they laughed with… …   The Collaborative International Dictionary of English

  • counterfeiting — Synonyms and related words: coinage, coining, copying, emulation, fakery, following, forgery, hit off, imitation, impersonation, imposture, impression, mimesis, mintage, mirroring, onomatopoeia, parody, plagiarism, plagiary, repetition,… …   Moby Thesaurus

  • counterfeiting — (Roget s IV) n. Syn. copying, simulation, duplication; see imitation 1 , pretending , reproduction 1 …   English dictionary for students

  • Counterfeiting — ⇡ Markenpiraterie, ⇡ Produktpiraterie …   Lexikon der Economics

  • counterfeiting — n. illegal copying (of money, documents, etc.); forgery coun·ter·feit || kaÊŠntÉ™(r)fɪt v. make a fraudulent replica, copy, forge (i.e. money or documents) adj. forged, copied, fake, false n. forgery, fake, imitation, simulation …   English contemporary dictionary

  • counterfeiting — Making a counterfeit, especially counterfeit money; the federal offense of making counterfeit money. 20 Am J2d Counterf § 1 …   Ballentine's law dictionary

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