On 1 December, the Transnational Alliance to Combat Illicit Trade (TRACIT) released its latest study examining the situation of illicit trade in Turkiye, warning that the impacts of soaring inflation can create fertile grounds for illicit trade to flourish.  The report investigates the challenges the country faces with illicit trade on multiple fronts, including grappling with the harmful effects of illicit tobacco, alcohol and petroleum products, as well as a lucrative market for illegal pharmaceuticals.  Due to its geographical location as a gateway to Europe, the country is also a vulnerable transshipment point for counterfeit and pirated finished goods and components across a variety of industry sectors.

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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