“São Paulo has become the distribution center for the illegal trade”

By ETCO
30/01/2019

This is what says Edson Vismona (pictured), president of the National Forum Against Piracy and Illegality. Criminal practice caused losses of R $ 130 billion in 2016

In 2016, the Brazilian clothing sector stopped generating revenues of R $ 29 billion due to the losses caused by the illegal market.

By including items such as sneakers (R $ 1,6 billion), glasses (R $ 7,78 billion) and watches (R $ 624 thousand), the loss is around 39 billion, according to a survey by the National Forum Against Piracy and Illegality (FNCP).

The “lost” amount is similar to the sum of Via Varejo, Walmart and Carrefour revenues.

According to the same FNCP survey, smuggling, including 16 productive sectors, caused losses of almost 130 billion for Brazil.

"There were R $ 79 billion that companies stopped billing and R $ 41 billion that the government stopped collecting due to tax evasion", says Edson Vismona, president of FNCP and the Brazilian Institute of Ethics in Competition (ETCO).

Source: Jornal do Comércio (17/05)

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