|Author (Person)||Poiret, Chantal|
|Publisher||Robert Schuman Foundation|
|Series Title||European Issues|
|Series Details||No.413, November 2016|
|Content Type||Journal | Series | Blog|
The European Union, the leading trade force in the world, is facing a constant rise in product smuggling and counterfeiting. The rise of illicit trade sets a triple challenge: a health challenge, with the dangers caused by counterfeit products; a security challenge, with illegal trade contributing to the funding of crime and terrorism; and a financial challenge with the loss of tax revenue. The fight to counter illicit trade demands a series of political measures. It also required a technological response, with the introduction of innovative, modern product traceability and authentication systems that can secure supply chains.
|Subject Categories||Justice and Home Affairs|
|Countries / Regions||Europe|