UAE : With the aim of fostering dialogue to address the root causes of illicit trade, The Economist Events will host the third Global Illicit Trade Summit on October 30th, 2018 at the Etihad Towers, Abu Dhabi.
New technologies, taxation, legal loopholes, free trade zones, eCommerce and regional socio-economic instability have presented new opportunities for counterfeiters, intellectual property crimes and other forms of illicit trade. This summit offers a platform to facilitate dialogue between the private sector, the public sector, international organisations, law enforcement agencies and policy makers in order to forge an international response to a global multi-faceted problem.
“The Middle East region, as well as North Africa, need to make a number of improvements when it comes to combating illicit trade,” said Christopher Clague, managing editor, Asia and global editorial lead, trade and globalisation, with The Economist Intelligence Unit. “There are straightforward measures countries could take, like better oversight and monitoring of free trade zones, and more difficult ones, such as increasing regional cooperation between law enforcement agencies and greater intelligence sharing. This event will bring together people to discuss these solutions and a host of others.”
The Summit will feature panel discussions, candid interviews and presentations from prominent business leaders and experts on the various forms and facets of illicit trade. Speakers include Raed Safadi, Chief economic advisor, office of the director-general, Government of Dubai; John Mair, director, head of project integrity, The European Bank for Reconstruction and Development (EBRD); Abdelhak Senhadji, deputy director of fiscal affairs, IMF and Wael Adhami, head of brand protection, Middle East, Africa and Pakistan, Johnson & Johnson.
Today more than ever, there is a clear business imperative to make the fight against illicit trade mainstream. “Wherever there are big price differences between markets, which are mostly driven by taxation, illegal trade takes place,” says Brendan LeMoult, AIT and fiscal affairs vice-president at JTI. He emphasizes, “Regulators, law enforcement experts and the private sector need to work together on the issue.”
The event is supported by JTI, SCLG, AmCham Abu Dhabi, Brand Owners Protection Group (BPG), Kuwait Business Council, British Business Group, German Emirati Joint Council for Industry and Commerce, Canadian Business Council, INTA and The Business Year.
The event is open to media. For more information about the summit or to register, please visit https://events.economist.com/events-conferences/emea/global-illicit-trade-summit-2018-middle-east/
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About the Economist Events
Economist Events, the organiser of the summit and part of The Economist, has hosted over 80 events annually across more than 30 countries on topics that convene world-class thought leaders on a range of strategic business issues.
For more information: https://events.economist.com/
© Press Release 2018
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