A report by the Organisation for Economic Cooperation and Development notes that there has been a significant increase in the trade in pirated and counterfeit goods. Such trade currently represents 2.5% of world trade, i.e. around USD 461 billion per year, while in 2008 it accounted for 1.9% of world trade, equivalent to USD 200 billion per year. The trade in counterfeit goods has a negative impact on both companies and state budgets. At European Union level, up to 5% of the products imported in 2013 were counterfeits, equivalent to as much as USD 116 billion. The growth in such transactions has been nurtured by the general revitalisation of trade following the financial crisis, and the spread of e-commerce.
What instruments does the Commission have at its disposal to monitor the trade in counterfeit goods more effectively?