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Illicit Trade

by East Africa Business Council
Published by : East Africa Business Council (Tanzania) Physical details: 2p.
Subject(s): Iliicit Trade
Year: 2016
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This is a statement by the EABC on Illicit, which it said is facilitated by weak border controls (especially contributing to smuggling); inadequate sanctions (and corruption, which weakens enforcement of existing regulations and undermines any controls put in place. Another facilitator is consumer behaviour – in many markets, consumers are aware (from appearance, price and place of sale) that they are purchasing smuggled or counterfeit goods, but they are happy to buy, because of the lower price – without demand, there would be no supply. EABC urges Partner States government to put in measures to combat illicit trade, including reducing the economic incentives to engage in illicit trade; strengthen controls at border points; enforce existing national and regional laws; introduce punitive measures against the culprits, including seizing and destroying illicit goods and machinery

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