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What are the consequences of piracy? |
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The piracy of assets that incorporate author’s rights, is a worldwide phenomenon that has taken disconcerting proportions. The World Customs Organization, in a recent research, announced that 5% of the world trade has to do with products of piracy. The European Union, respectively, noted that 5 to 7% of the world trade is based on piracy, which amounts to an income loss of up to 300 million Euro. OECD, while conducting a research on the same level, estimates that the losses suffered by the world trade due to piracy are over 5%. The same alarming figures apply also to the loss of job positions due to the phenomenon of piracy. This loss is estimated approximately to 120,000 job positions per year in the USA and 100,000 positions in the EU. - Revenue loss for the Greek State due to reduced VAT collections and customs duties
- Loss of jobs
- Decrease in the number of related cultural enterprises, and as a result, no development potential for the related cultural – and not only - industries
- Decrease/Hesitation in the investments of foreign capitals
- Threat to the consumer protection
- Jeopardizing of the country’s authority
- Inability to enforce relevant laws and implement international obligations
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