Toronto, ON — Each year, North American businesses lose an estimated $200 billion to counterfeiting. The international Chamber of Commerce estimates that the value of counterfeiting is five to seven per cent of world trade.
In 2003, U.S. Customs seized and destroyed more than $4 million worth of counterfeit electrical equipment alone. Most counterfeit products come frm Eastern Euroope and Asia, primarily China.
Widespread use of counterfeit marks undermines the entire North American system of standards, testing and certification. If unchecked, unsafe or otherwise deficient products gain access to the North American market.
In early 2002, the Electrical Equipment Manufactureers Advisory Council (EEMAC) joined with CSA International and Underwriters Laboratories Inc. to form an Anti-Counterfeiting Task Force to address the issue.
One step in their plans is to hold a half-day seminar April 2, 2004, at the Wyndham Bristol Place Hotel in Toronto sponsored by Electro-Federation Canada (EFC). Counterfeiting, The Price We Pay features four anti-counterfeiting experts from the RCMP, CSA, UL and a leading legal firm.
From counterfeit spare parts for aircraft engines to electrical equipment throughout industry, fakes can be fatal. Anyone interested in product and consumer safety should attend the seminar, including manufacturers, distributors and industrial customers.
Wyndham Bristol Place Hotel is located at 950 Dixon Road, Toronto, ON, M9W 5N4, tel. 416-675-9444. Registraton for the seminar is $190, or $150 for EFC members (GST is extra).
Registration is still open this week, with the seminar taking place the day after the annual meeting of EFC. For details, visit www.electrofed.com, or call Nathalie Lajoie at 905-602-8877 ext. 238, e-mail firstname.lastname@example.org.