(...) What is the difference between counterfeiting and piracy?
A counterfeit good is an unauthorised imitation of a branded good.
The official definition can be found in the enforcement section of an agreement on intellectual property rights negotiated in the World Trade Organisation, known as the TRIPS Agreement (Agreement on the Trade-Related aspects of Intellectual Property Rights): "Counterfeit trademark goods shall mean any goods, including packaging, bearing without authorisation a trademark which is identical to the trademark validly registered in respect of such goods, or which cannot be distinguished in its essential aspects from such a trademark and which thereby infringes the rights of the owner of the trademark in question under the law of the country of importation."
Piracy consists in making an unauthorised exact copy–not a simple imitation–of an item covered by an intellectual property right. It is officially defined by the TRIPS Agreement as:
"Pirate copyright goods shall mean any goods which are copies made without the consent of the right holder or person duly authorised by the right holder in the country of production and which are made directly or indirectly from an article where the making of that copy would have constituted an infringement of a copyright or a related right under the law of the country of importation".(...)
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