Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Amazon's foreign websites named in U.S. piracy and counterfeiting report

Published 04/29/2020, 12:39 PM
Updated 04/29/2020, 03:40 PM
© Reuters. The logo of Amazon is seen at the company logistics center in Lauwin-Planque

WASHINGTON (Reuters) - Several of Amazon.com Inc's (O:AMZN) foreign websites have been added to the U.S. trade regulator's "Notorious Markets" report on marketplaces known for counterfeiting and piracy concerns.

The Office of the U.S. Trade Representative (USTR) on Wednesday cited allegations of counterfeit goods sold on the Seattle-based online retailer's websites in Canada, Germany, France, India and the United Kingdom.

The office is "considering seeking more information regarding e-commerce platforms, including those based in the United States, in future reviews of Notorious Markets," it added.

Amazon said it strongly disagreed with the report, describing it as a "purely political act" and an example of the administration of President Donald Trump "using the U.S. government to advance a personal vendetta against Amazon."

Amazon has tangled often with Trump since he became President. Trump has accused the Washington Post newspaper, owned by Amazon founder and Chief Executive Jeff Bezos, of unfair coverage of his administration.

Over the years, the list has included China's largest e-commerce platform, Taobao.com, which is owned and operated by Alibaba Group Holding Ltd (N:BABA), as well as websites operated out of Indonesia, Poland, the Czech Republic and other countries.

Last year, the American Apparel and Footwear Association, for the second year in a row, urged the USTR to include foreign domains owned and operated by Amazon on the list.

The USTR said it had received complaints that seller information displayed by Amazon was often misleading and allegations it was too easy for anyone to sell on Amazon "because Amazon does not sufficiently vet sellers on its platforms."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Amazon said it has invested hundreds of millions of dollars and employs several thousand employees in an effort to protect against fraud and abuse, adding that more funding and resources are needed for law enforcement.

Latest comments

lol
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.