One in four cigarettes consumed in Latin America are illicit—one of the highest rates in the world.
Between 400 and 460 billion cigarettes are sold illegally each year. This illicit trade annually costs taxpayers and governments between USD 40 billion and USD 50 billion.
A joint report from Europol and the European Union Intellectual Property Office (EUIPO) has found that the EU’s criminal economy was bolstered by the pandemic.
In December 2020, the Hellenic Police seized and closed down an illegal tobacco factory capable of producing over a billion cigarettes a year.
Navi Pillay recently sat down with Philip Morris International's Vice President of Illicit Trade Prevention, to discuss how businesses can tackle illicit trade.