Russia’s Textile Industry Grows After Shutdown of Counterfeit Goods Market

Dec 22 2009 - 14:13

On June 29, 2009, the police shut down Russia’s largest marketplace, the Cherkizovsky Market in northeast Moscow, where thousands of Chinese vendors sold counterfeit goods.

This was done in an effort to curb the spread of fake goods and protect the Sino-Russian trade. The closedown of the market included the burning of 22 containers that reportedly contained illegally imported counterfeit products.

Prime Minister of Russia, Vladimir Putin, stated on December 3, 2009 that since the closing of the Cherkizovsky Market in June, Russia’s apparel sector had grown by three percent, and the production of pants and suits increased by 16 percent and 13 percent, respectively. He continued to state in a televised interview: “We will never win as long as domestic manufacturers are hit by smuggled and counterfeit goods.”

For more information, please contact Jelena Jankovic in our Balkan Regional Office.

Source: Xinhuanet

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