The Economist wants to combat illegal trade in CEE

In the fourth installment of its Global Illicit Trade Summit, Economist Impact, the British business weekly The Economist brings the dialogue to Central and Eastern Europe. A report by the European Union Intellectual Property Office (EUIPO) found that global trade in counterfeits amounted to €412 billion in 2019. This corresponds to 2.5 percent of global trade.

The Central and Eastern European region, located at the intersection of transport routes and on the edge of the European Union's internal border, provides fertile ground for illicit trade. Consumer demand remains high despite the unstable economic and political situation, and leaky walls and smuggling from third countries help ensure continuity of supply. Organized by The Economist, the conference is intended to provide answers on how stakeholders could integrate actions to curb this dangerous phenomenon for the balance of the global market.

(WBJ)