Business programme

Combatting Counterfeit Goods: A Strategy for Rescuing the Economy

16 Jun , 15:00–16:15
The New Economic Order: Responding to the Challenges of the Time

The current foreign economic circumstances have significantly changed logistical chains and distribution systems and led to a significant reduction in real disposable income. The restrictions imposed and the resulting pressure brought to bear upon household budgets could provoke a new influx of counterfeit products into Russia, which would in turn directly affect state revenue and health security. The growth of illegal turnover entails significant losses for the federal budget from unpaid taxes and other deductions, which could prove to be critical given the current situation. The emergence of new threats must be prevented, and this includes innovations, which possess an illegal turnover that has yet to be treated as a separate problem. This product segment demands effective methods of regulation and not a merely prohibitive policy, which would undoubtedly lead to exponential black-market growth. What regulatory methods can the government develop to control innovative products in order to prevent their illegal circulation? How can the government and business cope with an increase in counterfeit goods under the new economic realities? How can a long-standing problem be turned into a new point of economic growth?