Senator Christopher Lawrence 'Bong' Go expressed his concern over the unchecked proliferation of fake products in the market, emphasizing the grave socio-economic consequences the nefarious pracrtice may bring. Go, member of the Senate Committee on Trade, called upon the Department of Trade and Industry (DTI) and other agencies to ensure…
Senator Christopher Lawrence “Bong” Go expressed his concern over the unchecked proliferation of fake products in the market, emphasizing the grave socio-economic consequences the nefarious pracrtice may bring.
This, after the reported proliferation of scammers exploiting celebrity visuals for unregistered medicine endorsements. The bill reflects a timely response to the global pandemic’s impact on boosting online businesses nationwide, where the risk of encountering fake products has increased. Go emphasized the importance of protecting small businesses and online sellers from this threat, especially during these times, as it is crucial to the country’s recovery.
The proposed law also seeks to mandate the creation of an e-Commerce Bureau under the DTI for better regulation of fake products and provides for the regulatory jurisdiction of the DTI over e-marketplaces, e-retailers, and other digital platforms that may be conduits for fake products.
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