Home>News>Events>Global Anti-Illicit Trade Summit set; to tackle combatting illegal trade

Global Anti-Illicit Trade Summit set; to tackle combatting illegal trade

Anti-Illicit Trade Summit

Over 120 policymakers, law enforcement officials, business representatives and illicit trade experts discuss, debate, and decide on the best course of action to tackle illegal trade.

[May 14, 2023] – Economist Impact will host the seventh Global Anti-Illicit Trade Summit, supported by Japan Tobacco International, on 18 May 2023, at Shangri-La The Fort, Taguig City. This global initiative, already held across Europe, Africa, and the Middle East, now brings these important conversations to Southeast Asia for insights and discussions on counterfeit production, the shadow economy and how evolving technology contributes to the ongoing struggle against illicit trade.

A recent study from an Economist Impact report, “Illicit Trade: Scale, Scope and Flows”, compiled 1,600 individual sentiments, from 16 countries, on illicit trade and counterfeit production. The survey results, and the implications for the future of illicit trade activity globally and across Asia, will be presented at the Global Anti-Illicit Trade Summit South-East Asia.

In the Philippines, 53% of respondents said it is acceptable to buy products that serve a person’s needs, regardless of whether they are licit or illicit. This is by far the largest share when compared to other countries. The issue of identifying illicit goods is also problematic, with more than 77% of survey respondents struggling to distinguish between genuine and counterfeit products.

“The majority of Filipino respondents declared that illicit trade is acceptable when a buyer is in need,” the survey said.

Combating illicit trade is a global struggle that affects communities and businesses. It will take large-scale, innovative action to ensure new forms of illegal activity are reduced. Current activities taken must be evaluated, and more must be done to get to the root causes. Consumer incentives and education, re-evaluation of policies and collaboration among stakeholders are essential to foster change. Economist Impact will gather experts to share analysis, insights and practical examples of how to curb illicit activity.

Chaired by The Economist Group’s editors, the event will feature speakers including:

  • Gordon Song, head of venture risk, Lazada Group
  • Shane Britten, chief executive, Crime Stoppers International
  • Ruth Castelo, undersecretary, Consumer Protection Group, Department of Trade and Industry, the Philippines
  • Chris Humphrey, executive director, EU-ASEAN Business Council
  • Jesus Lim Arranza, chairman, Federation of Philippine Industries
  • Romeo D. Lumagui, Jr, Commissioner, Philippines Bureau of Internal Revenue
  • Reggie Anne D. Pamatian, Intellectual property rights specialist, Intellectual Property Office of the Philippines
  • Paul A. Santos, Chairman, Philippine Retailers Association; president, Picture City
  • Charles Feng, Senior partner, attorney-at-law, Head of International Business Department
  • Penn Virakoudom, Deputy director of the Competition Department., Consumer Protection Competition and Fraud Repression (CCF)
  • Doolyaphol Chudabala, Chief of area excise, Nakhon Nayok, Ministry of Finance, Thailand
  • Neil Cabiles, Asst. Secretary, Department of Finance, Philippines
  • Jericho Nograles, former member, House of Representatives of the Philippines
  • Anthony Hemsley, global anti-illegal strategy director, JTI
  • Andrew Staples, Regional head (APAC), policy & insights. Economist Impact

The Global Anti-Illicit Trade Summit, South-East Asia is free to attend. Register or visit at the website: illicit-trade-summit.economist.com

To engage with the Global Anti-Illicit Trade Summit on social media, use #EconTradeSummit in your conversations and follow:

LinkedIn: @EconomistImpactEvents
Twitter: @EconomistEvents
Facebook: @EconomistEvents

Journal Online
A collection of noteworthy information on various topics from the Philippines and the rest of the world.