The value of counterfeit or intellectual property-infringing goods seized by the government hit a record high of about P27 billion in 2023, the Intellectual Property Office of the Philippines said Friday.In a news release, IPOPHL said the National Committee on Intellectual Property Rights booked a record haul of P26.86 billion of fake goods from January to December last year.
The IPOPHL chief commended the NCIPR for helping prevent counterfeit goods from reaching the hands of consumers after recording 3,087 enforcement operations conducted in 2023, higher than 2,962 operations logged through inspections and search warrants in 2022.The agency said the operations were mobilized through general law enforcement agency operations, inspections, search warrants, and warrants of seizure and detention.