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Combatting illicit trade Combatting illicit trade Pandemic has further exposed weaknesses throughout the region and in the online world that allow shady operators to thrive. published : 18 Jan 2021 at 12:30 6 Not only has the Covid-19 pandemic exposed flaws in social and health systems, disrupted supply chains and taken at least 38,000 lives across Southeast Asia, it has also shed light on the growing problem of illicit trade in the region. Smuggling, counterfeiting and related illegal activities rob the global economy of US$2.2 trillion annually, with trade in counterfeit goods accounting for $461 billion. In Asean, the counterfeit goods market was worth $35.9 billion in 2018, according to a paper published by the EU-Asean Business Council (EU-ABC).

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