Good Practices to Combat Illicit Trade
During the course of our efforts to help governments mitigate the economic and social damages of illicit trade, we have come to understand that they are eager for examples of what has already been done by their peers in other governments.
This has been especially the case as governments look for ways to fight illicit trade in the face of post-Covid recovery, a general economic downturn, conflicts, and depressed consumer purchase power extending from higher inflation.
As such, we are proud to launch a series of studies showcasing positive actions that governments are undertaking to mitigate illicit trade. These studies show the significant value of prioritizing efforts to mitigate illicit trade, along with tangible steps that can be taken to do so. They are intended to support governments by providing practical examples they can use to implement reforms and controls to mitigate illicit trade, including introducing or amending relevant national legislation.
The Transnational Alliance to Combat Illicit Trade (TRACIT) is an independent, private sector initiative to mitigate the economic and social damages of illicit trade by strengthening government enforcement mechanisms and mobilizing businesses across industry sectors most impacted by illicit trade. More...