Customs officials in Chile have reported the seizure of $31 million in fake Nike and adidas sneakers at the Port of Iquique. Regional Director of Customs, Ricardo Aceituno, confirmed the seizure, which took place last month, in a statement this week. According to Aceituno, Chilean customs’ Unit of Risk Analysis established a suspicious operation after reviewing the documents related to the shipment at issue, which was labeled at a container of napkins coming from China.
Customs discovered 16,454 pairs of fake sneakers hidden in a shipment of napkins, after identifying red flags in connection with the declared value of the products in the shipment.
The goods were headed for the Zona Franca de Iquique – known by the acronym "Zofri" – which is South America's largest free trade area. Located in the coastal port city of Iquique in northwestern Chile, Zofri is a favorable port from a customs standpoint, as its tax-free policy enables the avoidance of double taxation for Chinese products when entering other regional markets.
The shipment was declared with a customs value of $24,209. However, according to Chilean customs, the retail value of the goods is estimated to be upwards of $ 31 million.