New report
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The TRACIT report analyzes the economic and social impacts of strict restrictions on the production and/or consumption of alcohol (dry laws) during the early stages of the COVID19 outbreak, with a specific focus on the consequences associated with illicit trade. The report suggests that crisis-driven COVID-19 related prohibitions on alcoholic beverages have generated a number of negative health-related externalities and promoted the development of parallel illicit markets. More...
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New report
The Link Between Illicit Trade and Sovereign Credit Ratings
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The TRACIT report investigates whether a correlation can be established between individual countries’ creditworthiness and their vulnerability to illicit trade. The report compares the credit ratings attributed by S&P Global, Fitch Group and Moody's and the scores attributed by the Global Illicit Trade Environment Index, and finds that countries that are poorly equipped to tackle illicit trade also suffer from poor credit worthiness. More...
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WARNING: COVID-19 Impacts on Illicit Trade
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The COVID-19 pandemic is having unanticipated impacts on illicit trade. In response, TRACIT has issued product warnings on illicit trade in pharmaceutical and alcohol sectors. More...
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Featured video
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TRACIT speaks to CNN en Español, cautioning that COVID-19 prohibitions on alcoholic beverages drive markets for illicit alcohol, present dangerous risks to consumers, encourage criminality and sideline legal jobs and growth. Visit CNN en Español for full story
Read also: TRACIT COVID-19 Situational Briefing on Illicit Alcohol |
What's new
Featured report
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The TRACIT report Mapping the Impact of Illicit Trade on the Sustainable Development Goals maps the UN SDGs against 12 sectors that participate significantly in international trade and are particularly vulnerable to illicit trade. The study helps governments and business better understand how their efforts to achieve sustainable development must account for the negative forces of illicit trade. More...
See event pictures and video here. |
Featured project
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Who we are
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The Transnational Alliance to Combat Illicit Trade (TRACIT) is an independent, business-led initiative to mitigate the economic and social damages of illicit trade by strengthening government enforcement mechanisms and integrating supply chain controls across industry sectors. More...
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Our areas of activityTRACIT draws from industry strengths and market experience to build habits of cooperation between business, government, intergovernmental organizations and the diverse group of countries that have limited capacities for regulatory enforcement. More...
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Illicit trade sectors we work in |
Cross-cutting workstreams
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What guides us
The illegal activity of illicit trade has grown well beyond the capabilities of individual governments and individual companies. What is needed is a joined-up approach that leverages enforcement and governance measures and multiplies the effectiveness of available resources.
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SECURITY
Illicit trade thrives on exploitation of our global supply chain. It is essential to secure weak links, thereby reducing supply chain monitoring, compliance, security and insurance costs.
RESPONSIBILITY
Illicit trade - and lawlessness of any kind - is not acceptable. Responsible businesses can bring about powerful change and we are all responsible for more than the minimum effort; fighting illicit trade is debilitating to all companies that invest in sectors vulnerable to illicit trade.
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MARKET INTEGRITY
Unfair competition from unregulated, uninsured and illegal trade in goods erodes market share, drains revenue from legitimate markets and undermines growth.
RULE-OF-LAW
Proliferating illicit trade can undermine the local rule-of-law, give rise to a hostile environment for legitimate business and discourage investment. There may also be threats to the safety and security of personnel and facilities, adding to the increasing costs of doing business.
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BRAND PROTECTION
We must protect our brands, reputation and consumer perception, which are all at risk when illegal, fake and sub-standard products reach our customers in legitimate markets.
SUSTAINABILITY
In many sectors, illicit trade undermines achievement of the UN's Sustainable Development Goals (SDGs) - such as food security compromised by illegal fishing or exposing consumers to health risks from illicit pharmaceuticals. Business is a critical partner with a role to play.
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