European clothes, cosmetics and toy manufacturers are making annual sales losses of around €16 billion ($17.5 billion) as a result of counterfeit products, according to a study published on Tuesday. Around 200,000 jobs have also been lost as a result of this fraud, the new research from the EU Intellectual Property Agency (EUIPO) shows. “Counterfeit goods cause real costs – for consumers, for brands and for our economies. This latest study shows the very real costs in terms of lost sales and jobs in the EU,” EUIPO Executive Director João Negrão said. German large toy industry is among the hard…