Combating Illicit Trade – Collaborative Approaches and the Role of Regulation was a theme of the event:
“FT Business Regulation Forum – Berlin” on
The third FT Business Regulation Forum took place this time in Berlin will bring together regulators, policy makers and senior industry leaders to discuss stakeholder engagement in regulatory policy and explore the role of the private sector as a participant in collaborative solutions in key areas including integrity and security, health and the environment. Global Compact Poland was to present the main lessons learned from the current polish regulatory efforts in the area.
Moderated by: Chief Editorial Writer, Financial Times
The participants, including (Tilen Božič, State Secretary, Ministry of Finance, Slovenia; Lukasz Kolano, Executive Director, Global Compact Network Poland; Siegmar Reiss, Head of Sector – Counterfeit Goods, European Anti-Fraud Office (OLAF); Žilvinas Šilėnas, Toe Su Aung, Senior Policy Advisor, ICC BASCAP) were to reflect on the following issues:
Illicit trade is and entrenched global phenomenon with far-reaching social, economic, and political impact. Although several efforts have been undertaken to tackle this plight, illicit markets continue to thrive. How can compliance with laws and regulations be incentivised to promote legitimate trade and drive criminal entrepreneurs out of business?
- In which cases can excessive or ineffective regulation unintendedly contribute to the promotion of illegal trade instead of to its deterrence? Can it distort competition and make consumers switch to illegal products?
- What is working in multi-sectoral international collaboration? How can government, law enforcement and the private sector pull efforts to propose impactful solutions to combat illegal trade?
- What is the role of the private sector and its contribution to this multi-level response to illicit trade? How can business act proactively supporting governments and civil society? Where are the opportunities for collaborative efforts and public- private partnerships to identify, prevent and reduce risks of illicit trade along the supply chain?