The current economic climate has resulted in an influx in the import and sale of cheaper versions and imitation products on the market.
This has resulted in an increase in the importation and sale of parallel imports, so-called ‘grey goods’.
Grey goods or parallel imports are the trade in goods intended for sale in one market that are exported from their original destination to another country without the authority, knowledge or consent of the manufacturer or licensed importer.
These goods are regarded as genuine goods in that they are sourced indirectly from the foreign manufacturer, but are not goods destined for this market. They are usually sourced from a country where the costs of such goods are low enough so the importer can sell them at a price lower than the domestic price and still make a profit.
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grey goods, Consumer Protection Act