Illicit Trade in the Tobacco Industry
Illicit trade in tobacco is the largest smuggling market outside of illegal drugs, states Don Hedley, Tobacco Industry Analyst at Euromonitor International. In fact, one of every ten cigarettes smoked globally is illicit. As a product, cigarettes are easy to smuggle – they’re small, light, and have high value. Advancements in technology have made counterfeit cigarettes easier to produce, and the internet has made them easier to sell. Large scale smuggling – which is done in containers holding 10 million cigarettes, makes up 70% of the smuggling market. Hedley will continue his talk in an upcoming video which will highlight the fight against illicit trade by governments and corporations.