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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 02/Jul 16:00

The devastating impact of illicit trade and all forms of smuggling

Illicit trade, encompassing activities such as smuggling, hoarding, cartel formation, price fixing, counterfeit goods, and fake medicine, poses a grave threat to the Philippine economy and its consumers. These unlawful practices not only undermine legitimate businesses but also jeopardize public health and safety. Recognizing the urgent need to address this issue, the Fight Illicit Trade and the Federation of Philippine Industries have joined forces to organize a National Anti-Illicit Trade Summit at the Manila Hotel. This summit aims to facilitate collaboration between government regulators and the private sector in order to save the Philippine economy and put an end to illicit trade.

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