Grey Trade

Grey trade of products means that products that have been put into circulation on a specific local market – most frequently in a developing country find their ways due to their low price into a more developed market such as the USA or Europe.

Consequences:

• Financial losses for the manufacturer
• Repackaging and rewriting of expiry dates are common, thus
  consequences and damage for the consumers in the
  developed markets.

The market in the underdeveloped country does not receive the product, making the counterfeited product more appealing.