A renowned Economist, Esteban Giudici, Senior Analyst, Transnational Alliance, said that illicit trading has taken about $2.2trn global economy.
He disclosed this during the 2019 Africa Security Forum (ASF) at Rabat, Morocco.
According to him, “If illicit trading were a country, its economy will be larger than Brazil, Italy and Canada – and as large as Mexico and Indonesia combined. “Illicit trade significantly endangers all aspects of the SDGs.
“The World Economic Forum estimated the value of illicit trade and transnational criminal activities at eight to 15 per cent of global Gross Domestic Product (GDP) in 2014.
“With estimations of various illicit activities running upward of $3 trillion; these figures rival the GDP of some G7 countries”