Amazon, Snapdeal disagree with US counterfeit list

Stock Market

E-commerce firms Amazon and Snapdeal disagreed with the annual list of ‘Notorious Markets for Counterfeiting and Piracy’ issued by the workplace of the U.S. Trade Representative’s (USTR) on Wednesday, that’s primarily aimed toward urging authorities to deal with piracy and counterfeiting points.

The list names Amazon India and Snapdeal alongside with a couple of different procuring complexes in India.

“We strongly disagree with the characterization of Amazon on this USTR report,” mentioned an Amazon spokesperson.

Amazon makes vital investments in proactive applied sciences and processes to detect and cease dangerous actors and probably counterfeit merchandise from being bought in our shops, the spokesperson added. “In 2019 alone, we invested over $500 million and have greater than 8,000 workers defending our retailer from fraud and abuse. We additionally stopped over 2.5 million suspected dangerous actors from opening Amazon promoting accounts earlier than they printed a single itemizing on the market, blocking greater than 6 billion suspected dangerous listings earlier than they have been printed to our shops.”

“…The feedback made within the report in respect of Snapdeal are factually incorrect in most points, are based mostly on unverified inputs and are defamatory in nature. We firmly disagree with the “findings” of the report and specifically in its observations relating to Snapdeal,” a Snapdeal spokesperson mentioned.

The spokesperson added that the report ignores the intensive and on-going efforts by varied marketplaces to collaborate with manufacturers in direction of the safety of mental property on on-line marketplaces.

“…As India’s third-largest market, Snapdeal operates a strong anti-counterfeit program – Brand Shield – that permits simple reporting and takedown of listings of counterfeits and delisting of defaulting sellers. It has well-defined measures to confirm the identification of sellers based mostly on authorities registrations,” the spokesperson mentioned.

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