Private Sector Foundation calls for stern measures against counterfeiting

The Private Sector Foundation of Uganda (PSFU) has called for tougher measures against counterfeiting.

 

The PSFU represents private sector interests in Uganda, giving a platform to the private sector's concerns and carrying out advocacy initiatives. The PSFU comprises over 100 business associations, corporate bodies and the major public sector agencies that support private sector growth. In the run up to this year's reading of the budget, the PSFU added its voice to several others with regard to the effect of counterfeiting on local industry.  

 

The PSFU requested that the minister of finance increase the penalties for trading in or manufacturing counterfeit goods to a fine of NUSh10 million (approximately $6,000), together with a prison term of five years. The chairman of the PSFU, a former minister of finance, also proposed the establishment of a regional and international link with other anti-counterfeiting bodies to curb the importation of fake goods.

 

These demands from the PSFU come against the backdrop of initiatives geared at curbing counterfeiting proposed by the East African Community Secretariat. It is hoped that the PSFU will work hand in hand with international agencies, such as the International Chamber of Commerce and the World Customs Organization, to implement sterner measures.