'Fake' pesticides costing €15m a year in lost revenues
A new report from the European Union Intellectual Property Office (EUIPO) shows that 13.8% of legitimate revenues are lost each year due to counterfeiting of pesticides in the EU.
In Ireland, the report says counterfeit pesticides cost crop protection businesses €15m annually.
Those lost sales in the EU translate into 2,600 jobs directly lost across the pesticides sector in the EU, as legitimate manufacturers employ fewer people than they would have done in the absence of counterfeiting, the report says.
When the knock-on effects of counterfeit pesticides in the marketplace are taken into account, 11,700 jobs are lost in the EU economy.
The total yearly loss of government revenue as a result of counterfeit products in this sector across the EU-28 in terms of taxes and social contributions is estimated at €238 million, it says.
The biggest producer of pesticides in the EU is Germany, where the sector is worth EUR 4 billion. The report estimates that counterfeit pesticides cost the German manufacturing sector €299 million each year, with 500 jobs lost.
The second biggest producer of pesticides in Europe is France, worth EUR 3.5 billion. The report estimates that the French pesticides sector loses an estimated €240 million in sales and 500 jobs each year due to counterfeiting.
The report estimates that the pesticides sector in Italy loses€185 million as well as 270 jobs annually.