The devastating impact of illicit trade and all forms of smuggling

Quick Summary:

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.

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.

These unlawful practices not only undermine legitimate businesses but also jeopardize public health and safety.

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Article Details

Author / Journalist: Dr. Jesus Lim Arranza

Category: BusinessStartups

Markets: Philippines

Topics: Opinion Column

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 16:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1317 words

Reading Time: 8 minutes read

Sentences: 58 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21463898

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 28 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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