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Black and grey import markets must be liquidated from the arena

“I would like to make a special emphasis on a vital issue of protection strategy for Russian manufacturers against both inflow and outflow of the counterfeit textiles. Evidently, it is nigh on impossible for our T&C sector to compete with counterfeit and smuggled goods since the domestic industry is a priori set into a disadvantageous position here.

According to the reports of the Ministry of Economic Development and the Ministry of Industry, total sales turnover accounts for about 50% of those items from the “shadow” network. I guess this ratio constitutes an average performance, but it goes without saying that if we analyze particular price brackets, those figures might turn higher. Therefore, the customs and law enforcement authorities are supposed to come out with effective anti-counterfeiting measures to remedy the situation. Black and grey import markets must be liquidated from the arena.”

Abridged from the speech at the State Council Presidium meeting “On Modernization of the Textile Industry and Raising of Living Standards and Social Protection for the Employees” dated June 20, 2008.

Из выступления на заседании президиума Государственного совета «О модернизации текстильной отрасли и мерах по повышению уровня жизни и социальной защищённости её работников», 20.06.2008
 
Direct speech
Dmitry Medvedev:
Black and grey import markets must be liquidated from the arena
 
F.A.Q.
What is the difference between counterfeit and falsified products?
 
Facts
On a conservative estimate, turnover of counterfeit products within Russia exceeds 100 billion roubles per year.
 
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