Counterfeits—fake goods that infringe on the intellectual property of legitimate businesses—harm consumers, businesses, and the economy. Addressing the proliferation of counterfeits in online marketplaces will require better collaboration between stakeholders in government and industry. To foster these efforts, U.S. policymakers should amend existing laws and regulations that limit stakeholders from sharing data and establish a data sharing partnership to use advanced analytics to disrupt counterfeiting networks. If successful, these efforts could substantially reduce counterfeit imports, creating an additional 15,000 to 20,000 manufacturing jobs in America.
Source: How Data-Sharing Partnerships Can Thwart Counterfeits on Online Marketplaces