Global trade in fake Italian goods such as luxury handbags, watches, foodstuffs and car parts is taking a bite out of Italy’s economy equivalent to around 1-2% of GDP in terms of lost sales, according to a new OECD report.
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Analysis for Italy from OECD trade facilitation indicators that identify areas where countries can improve border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade.
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As trade barriers to trade have fallen, the impact of domestic regulations on international trade and investment has become more apparent than ever. While regulations aim at reaching arguable objectives such as health, safety or the environment, ...