GEISHA KOWLESSAR-ALONZO
T&T continues to lose millions annually due to illicit trade, and despite Government’s efforts to tackle this scourge, there still remains lack of enforcement and porous borders which facilitate the nefarious activity.
Further, it distorts competition in the marketplace, as compliant business are rendered impotent to compete.
This from chief executive officer (CEO) of the T&T Chamber of Industry and Commerce, Gabriel Faria, who was among several speakers at a webinar titled– Tackling Illicit Trade in T&T– hosted by the British High Commission yesterday.