A related concept is bootlegging the smuggling or transport of highly regulated goods, especially alcoholic beverages. The import of legally restricted or prohibited items such as prescription drugs or firearms, on the other hand, is considered black market, as is the smuggling of goods into a target country to avoid import duties. This can be considered a third type of "grey market" not intended or explicitly authorised by oil producers. Sometimes the term dark market is used to describe secretive, unregulated trading in commodity futures, notably crude oil in 2008. The two main types of grey markets are those of imported manufactured goods that would normally be unavailable or more expensive in a certain country and unissued securities that are not yet traded in official markets. A market in used goods is sometimes nicknamed a green market. Grey market goods are often new, but some grey market goods are used goods. Because of the nature of grey markets, it is difficult or impossible to track the precise numbers of grey market sales.
#WHY IS THERE A GRAY MARKER FIND MY DEVICE ANDROID FREE#
International efforts to promote free trade, including reduced tariffs and harmonised national standards, facilitate this form of arbitrage whenever manufacturers attempt to preserve highly disparate pricing. They then sell it at a price high enough to provide a profit but below the normal market price. Entrepreneurs buy the product where it is available cheaply, often at retail but sometimes at wholesale, and import it to the target market. This commonly takes place with electronic equipment such as cameras. This form of parallel import frequently occurs when the price of an item is significantly higher in one country than another. Grey market goods are goods sold outside the authorized distribution channels by entities which may have no relationship with the producer of the goods. The simple fact is that selling or reselling any products one has bought is not generally considered a crime, and most traders rely on their right to resale and thus trade. It is worth mentioning that the goods sold in this case were, in fact, counterfeit and infringed on trademarks as such, people would consider these to be black market goods, rather than grey. In November 2016, the Court of Appeal of England and Wales confirmed a ruling in the case of R v C and Others that the sale of grey goods can be met by criminal sanctions under section 92 of the UK Trade Marks Act 1994, with a potential penalty of up to 10 years in prison. The legality of the products oftentimes turns on this examination. Courts in the United States and in the EU make a number of assessments, including an examination of the physical and non-physical differences between the "grey market" and authorized products to determine whether there are material differences.
The legality of selling "grey market" products depends on a number of factors. In the late 1980s, manufacturers labelled the resold products as the "grey market". However, some distributors choose to resell products to other resellers. Most distribution agreements require the distributor to resell the products strictly to end users.
Manufacturers of computers, telecom, and technology equipment often sell these products through distributors.
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