We've been talking about bilateral and trilateral trade in counterfeit product, but of course we usually talk about a global marketplace. What we're really concerned about here is the security of global supply chains.
The Federal Aviation Administration estimates that somewhere around 580,000 parts going into airplanes manufactured in the United States are counterfeit product. We have auto parts coming in, brake linings made of compressed grass. We have oil filters that use rags for filter equipment.
The thing is, if we can't secure the supply into the supply chain, who knows what that part contains if it's an assembly of parts coming in for a legitimate assembly and manufacturing process? Many of these are caught in quality control.