Are parallel imports the real thing?
As defined on Wikipedia “A parallel import is a non-counterfeit product imported from another country without the permission of the intellectual property owner.” This simply means we directly import genuine products from suppliers overseas..
How are parallel imports regulated?
The UK parallel import licensing scheme lets a medicine authorised in another EU Member State be marketed in the UK, as long as the imported product has no therapeutic difference from the same UK product. … you hold a wholesale dealer’s licence covering importing, storage and sale for each product.
Is parallel import legal in Singapore?
Introduction. Parallel imports are genuine goods that are put on the market by a trade mark proprietor in one country, and subsequently purchased and imported into another country for resale. Singapore permits parallel importation.
How do I avoid parallel import?
Thirdly, by carefully drafting its contracts, a company can also lawfully prevent parallel trade in certain circumstances. For example, where products are sold to wholesalers outside the EU, a clause which prohibits the re-import of such products into the EU may be considered.
What is the difference between GREY and parallel import?
The grey market makes reference to products acquired for re-sale through unauthorised channels or ones intended by the manufacturer. Parallel imports however are goods that are imported through non-official channels from low to high price countries – a completely legal transaction.
What does parallel import goods mean?
What is Parallel Importing? … One is the authorized dealer channel, whereby products are imported via authorized dealers in Japan. The other channel is the parallel import channel, through which genuine products sold abroad are directly purchased abroad and imported to Japan.