Official Launch of The Illicit Trade Environment Index by the Economist Intelligence Unit
Illicit trade of counterfeit good affects all industries and sectors – from luxury brands to pharmaceutical products, to wildlife, automotive and alcohol. The World Trade Organization estimates that the value of counterfeit and pirated goods is equivalent to some 7% of the world’s merchandise.
As international trade continues to grow, the opportunities for organized crime increase in tandem as well. These networks are well equipped to identify and exploit discrepancies between national law and international trade routes, while leveraging on complex technology to assist their trafficking operations.
On the 12th of October, EuroCham successfully launched the Economist Intelligence Unit’s Report on the “Illicit Trade Environment Index”, commissioned by EuroCham’s Intellectual Property Rights (IPR) Committee.
EuroCham’s IPR Committee has been working hard through the sharing of best practices in mitigating illicit trade activity through working groups and events exploring other facets of organized crime. While efforts have not proved futile, the Committee believes that more can be addressed and be done to protect consumers and businesses alike. This index will prove as a useful tool for engaging in productive discussions with relevant authorities and stakeholders to achieve greater impetus for action.
Find out more about the IPR Committee here.
8.30 – 9.00am:
Coffee and Networking Session
9.00 – 11.00am:
Opening remarks by Ms. Lina Baechtiger, Executive Director, European Chamber of Commerce, Singapore
Presentation 1: “The Illicit Trade Environment Index” by Mr. Chris Clague, Senior Editor, Thought Leadership, The Economist Intelligence Unit
Presentation 2: Recommendations on Control of Illicit Trade within FTZs by Mr. Simon Jim, Chairman, Intellectual Property Rights Committee, European Chamber of Commerce, Singapore
About the Speakers
Mr. Christopher Clague: Senior Editor, Thought Leadership, The Economist Intelligence Unit
Mr. Simon Jim: Chairman, Intellectual Property Rights Committee, EuroCham
Ms. Lina Baechtiger: Executive Director, EuroCham
Ms. Angelia Chew: Partner, Asia Pacific Trade & Customs Leader, KPMG