Answer: Parallel imports are goods that are imported into a country from another country without the trademark owners permission. Parallel imports are sometimes known as gray (grey) market goods.
The goods are genuine and not counterfeit, but were made to be sold in a different country but have been shipped to a different country for sale. This is without the trademark owners consent.
What is the meaning of parallel imports?
Parallel imports are goods that are imported from a foreign country without the authorization of the manufacturer or its agent in the country of import. These goods may be genuine but are usually cheaper than those sold by the manufacturer or its authorized dealers.
5 examples of parallel import goods?
1. Brand name clothing
2. Electronics
3. Designer handbags
4. Perfumes
5. Toys
Which countries import the most parallel imports?
The countries that import the most parallel imports are the United States, the United Kingdom, Germany, France, and Japan.
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