CONTRABAND CHINESE CIGARETTES TAKE LATIN AMERICA BY STORM

On 11 October, Insight Crime reported that seizures in the last 2 years have been frequent, with authorities finding large quantities of Chinese cigarettes in Nicaragua, Panama, Colombia and even Texas – with CNTC brands such as Golden Deer and Silver Elephant, despite there being no legal market for them in any country other than Chile.  The article considers 3 key takeaways from the investigation into this booming market, and saying that there is one major gateway for Chinese cigarettes into Latin America: Panama.  It cites loose regulation within Panama’s Colón Free Trade Zone exploited to import Chinese cigarettes tax-free, or even manufacture the brands within Panama. 

https://insightcrime.org/news/contraband-chinese-cigarettes-take-latin-america-by-storm/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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