Increasing awareness of the global impact of Illicit Trade.
Over 1 million deaths every year have been attributed to counterfeit medicines; fake or contaminated foods, faulty and substandard fake products endanger our lives every day. The proceeds generated from counterfeit and illicitly traded products fuel corruption and remain the major source of funding for criminal and terrorist organisations. Counterfeiting and Illicit Trade remain closely intertwined with human rights abuses, child labor, forced labour and prostitution. We have been following the growth of Illicit Trade for over a decade now. We estimate the annual economic impact of counterfeit products to have reached the staggering equivalent of the annual global defense spending in 2013 yet, our global efforts in the fight against Illicit Trade remain superficial and tools to protect ourselves have proven inefficient thus far. The aim of IllicitTrade.com is to increase the global awareness of how Illicit Trade affects our lives, businesses, governments and institutions.
Our Security Solution Provider (SSP) Initiative was created to share the various technologies readily available to combat counterfeiting. By showcasing SSP technologies and innovations, we hope to bring clarity to industries and governments looking to make a responsible choice in protecting products and thus protecting consumers. We want to highlight those technologies that enable product authentication, verification and traceability in disrupting counterfeiting. All the information collected from SSPs through this effort will be compiled into a publication and viewable on the illicittrade.com website within the stakeholders' page. The Chair of the World Economic Forum's Meta-Council on the Illicit Economy has joined together with TechTrace to make resources available to this endeavour. The SSPs' involvement in this initiative will create a much greater awareness to the scale and scope of the problem, the solutions and tools available today to disrupt the illicit economy.
Last but not least, we invite you to test your knowledge on counterfeiting on FakeAlert.com. This platform is brand new and will develop through time. Drop us a line if you have any ideas you would like to suggest to us.
IllicitTrade.com by TechTrace SA.