Combating counterfeit and substandard ICT devices
Substandard and fake ICT products are a serious issue that impacts developed and developing economies, the ICT industry, as well as the consumer population around the world. The costs and negative effects of substandard and fake ICT products on all stakeholders are broad and numerous—ranging from lost taxes, royalties and other revenues; decreased sales, prices and operations; erosion of brand value, goodwill and reputation; reduced incentive to innovate and invest; lower employment and economic growth rates; network disruptions and interoperability challenges resulting in poor quality of service delivery and reception; and risks to health, safety and environment. According to the International Chamber of Commerce (ICC), the value of counterfeit products globally is expected to exceed USD 1.7 trillion by 2015. Find out more about this event here.