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FINANCIAL NEWS
Abu Dhabi’s DED captures USD9.5 m worth of counterfeit products
12 Dec 2013
(MENAFN) Abu Dhabi Department of Economic Development (DED) has seized 139.000 tons, or USD9.527 million worth, of counterfeit products during the current year, according to Gulf News.
Government entities and private firms plan to fight this phenomenon especially as Expo 2020 approaches and the UAE economy is improving.
Sharaf Al Hijazin, from Al Tamimi and Company, a UAE-based law firm, said: “The market is currently ripe, the country is booming and people want to exploit this fact. Counterfeit products in imports and exports are being stopped and seized.”
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